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TMS Funding, the wholesale arm of Total Mortgage Services, Milford, Conn., on Tuesday announced that it has hired five new account executives with 72 years of combined experience.

MortgageAmerica Inc. appointed Maurice F. Wilhelm Jr. to the position of president and chief operating officer.He will continue to be responsible for all day-to-day operations for the company.

Senate Republicans late Thursday declared victory in their effort to use a procedural maneuver to prevent the president from making any recess appointments during the Memorial Day holiday.

Clayton Holdings LLC, Shelton, Conn., has hired Rick E. Smith as senior managing director in business development for its Quantum residential and commercial special servicing business, based in the company's Tampa office.

The New York Senate on Wednesday confirmed Benjamin Lawsky to be the state’s first superintendent of its new Department of Financial Services.

For weeks, Republicans have said their objections to the Consumer Financial Protection Bureau are substantive, and not based on worries about the agency's de facto leader, Elizabeth Warren. But at a House hearing Tuesday, GOP members launched a series of personal attacks on Warren, suggesting she was lying and sometimes interrupting her responses.

PHH Corp. said its recently departed chief financial officer will receive $400,000 in severance, and then a $200,000 lump sum payment in March of next year.

Shore Financial Services Inc., Birmingham, Mich., has hired David Hall as president of its retail mortgage division, replacing Robert Rahal, who was promoted to vice chairman of the company.

The chief financial officer of nonperforming loan investor Kondaur Capital departed the company about 10 days ago – at the same time that the NPL investor’s founder and chairman Jon Daurio was forced out by the firm’s board, National Mortgage News has learned.

Residential Credit Solutions, a servicer whose client base includes Fannie Mae, this week hired Jim Mitchell as vice president of national business development.