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Helios AMC, a specialty servicer of defaulted commercial real estate loans and other debt, this week hired industry veteran Keith Johnson as its chief executive effective immediately

Total Mortgage Services LLC, Milford, Conn., this week promoted retail/wholesale underwriting manager Erik Martin to the newly created post of national sales manager for its retail channel.

RealtyTrac hired Brian Walby as Vice President of Sales and Strategic Alliances.In this role, Walby will focus on member subscription sales, advertising sales, lead generation programs and product sales.

PHH Corp., Mt. Laurel, N.J., reported net earnings of $181 million for the fourth quarter and $48 million for the full year 2010, helped by strong performance in its mortgage segment, company executives said.

Michael McGrath, the disgraced former president of U.S. Mortgage Corp. and its CU National Mortgage unit, was sentenced late Thursday to 14 years behind bars for a massive fraud in which he sold $140 million of CU mortgages his company was servicing to Fannie Mae and kept the proceeds.

Freddie Mac late Thursday said Donald J. Bisenius, executive vice president of its single-family credit guarantee business, received a 'Wells Notice,' which means the Securities and Exchange Commission is considering filing civil charges against him.

Federal prosecutors have ended their criminal investigation of former Countrywide Financial chairman and CEO Angelo Mozilo, after deciding that his actions managing the nation's largest lender did not constitute criminal behavior, according to a report in The Los Angeles Times.

The Treasury Department has tapped a former Wall Street managing director to be in charge of the research, markets and regulation arm of the new Consumer Financial Protection Bureau.

Astoria Federal Savings and Loan Association is getting back in to the multifamily lending business in the New York metropolitan area, starting with hiring away a team from Sovereign Bank led by Gary M. Honstedt.

Bank of America recently hired former Saxon Mortgage CEO Tony Meola as a default servicing executive in its mortgage division.