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Former Freddie Mac chairman and CEO Richard Syron recently received a 'Wells Notice' from the Securities and Exchange Commission, which means the agency is considering filing civil charges against him related to his management of company.

While change at the top of the Mortgage Bankers Association was expected eventually, the trade group's board didn't think it would happen this quickly.

For at least his first year as head of the Mortgage Bankers Association, David Stevens will be barred from lobbying the federal agency that matters most to many of the trade group's members: the one he's leaving, the Federal Housing Administration.

The Mortgage Bankers Association Tuesday afternoon confirmed that it has hired Federal Housing Administration commissioner David Stevens to head the organization, effective June 1.

KW Properties Group, a division of international real estate investment and services company Kennedy Wilson, said that Brett Raskin has joined the company as a managing director.

Former Fannie Mae CEO Daniel Mudd, who oversaw the GSE's huge expansion into nonprime investing and securitization, late last week received a "Wells Notice" from the Securities and Exchange Commission, indicating that he may face civil charges for allegedly misleading investors about the company's financial condition.

Larry Goldstone, once a top player in the jumbo and "super" jumbo market through his now defunct firm Thornburg Mortgage, is trying for a comeback in the business.

Federal Housing commissioner David Stevens, a driving force not just at HUD but as an advisor to the White House on housing policies, is leaving the agency in mid-April, National Mortgage News has learned.

Chase has hired eight mortgage professionals with a combined 96 years of experience to support its Newark, Del., office as the mega-bank further expands its borrower outreach efforts.

First American Title Insurance Co. appointed Steven Rogers president and managing director of its New York division. In addition, he has been named a senior vice president of First American Title Insurance Co.