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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.

Total Mortgage Services hired Victoria Bextel as head of national operations for both its retail and wholesale channels.

Joe Rossi, senior vice president of operations and technology at Freddie Mac, is leaving the government controlled secondary market giant, according to industry officials close to the situation.

Total Mortgage Services, Milford, Conn., which continues to expand its presence in wholesale lending, on Monday named two new hires on the operational side of the business.

The Treasury Department this week appointed a Harvard University economics professor to be in charge of market research at the new Consumer Financial Protection Bureau.

Mike Kulick, a mortgage banking veteran with more than 40 years of HUD/FHA experience, has joined the Los Angeles HUD/FHA office of Berkadia Commercial Mortgage.

John Daurio, founder, chairman and CEO of Kondaur Capital, resigned from the nonperforming loan investor effective Monday with his second in command, John Kontoulis named as his replacement.

John Daurio, chairman and CEO of Kondaur Capital, is stepping down as the day-to-day manager of the nonperforming loan investing firm, according to officials close to the situation.

While President Obama is the one who chooses nominees for key financial services policy posts, it is a Republican from Alabama, Sen. Richard Shelby, who appears to have a big say in whether a candidate is actually confirmed.