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Cornerstone Real Estate Advisers named Mark Higgins president. As president, Higgins will oversee Cornerstone's debt and equity real estate investments in North America, supervising all activities related to a diversified portfolio of commercial properties, including equity acquisitions, asset management and dispositions, as well as debt vehicles such as mortgages, CMBS and mezzanine loans.

The executive who helped build one of the world's leading real estate investment platforms at Morgan Stanley has landed in Miami, where he will oversee one of the country's largest home builder's workout business.

Reznick Group appointed Richard Hollowell as managing director and Christopher Ganan as manager in the firm's Western region real estate/financial institution and litigation consulting services.

Realty Income Corp. said that Sumit Roy has been named senior vice president, real estate acquisitions.

There is considerable private investor interest in purchasing government-sponsored enterprise debt, speakers at a Financial Services Subcommittee hearing said, but it may take a few government subsidy based incentives to bring new capital into the marketplace.

Walker & Dunlop, LLC, Bethesda, Md., this week hired Rob Rotach as vice president and deputy chief underwriter for its Federal Housing Administration finance department.

Industry veteran John Robbins, who exited the business six years ago, next week will announce that he's reentering mortgage banking with a new retail/wholesaler lender.

Mike Perry, who led IndyMac Bancorp until its collapse in 2008, is trying to rehabilitate his image, waging a public campaign rarely seen from an executive of a once high flying mortgage lender.

Now that Walter Investment Corp., has officially purchased subservicer Green Tree Servicing, St. Paul, Minn., and its parent company, GTCH Holdings, LLC, it has changed certain job duties of executives that joined the firm.

Wanted: 520 mortgage professionals – and the man doing the hiring is former DiTech chief Paul Reddam.

Carrington Property Services hired Michael Harris as its president. He joins Carrington from Stewart Asset Recovery where he served as president, responsible for its day-to-day operations, including business development, product and service enhancements, and its vendor network.

Three officials – including chief operating officer Craig Wildrick – recently left Allonhill, an independent third-party mortgage review firm based in Denver.

Elizabeth Warren, who is credited with founding the Consumer Financial Protection Bureau, will announce Wednesday that she is running for the U.S. Senate seat held by Scott Brown, R-Mass., according to combined press reports.

Elizabeth Warren has headed back to Massachusetts, but she remains engaged in the partisan fight in Washington over the Consumer Financial Protection Bureau.

Former Mortgage Bankers Association chief executive John Courson has joined Treliant Risk Advisors as a senior advisor, a press release from the company said.

Kinecta Federal Credit Union signed Chris Knox as Northeast regional manager for its wholesale/correspondent mortgage lending operation.

Congress has imposed numerous checks and balances on the Consumer Financial Protection Bureau's powers, according to Richard Cordray, who has been nominated by President Obama to be the agency's first director.

The Collingwood Group Wednesday announced that it has hired industry veteran Tom Cronin as a managing director of the firm.

In a long-awaited showdown over the future of the Consumer Financial Protection Bureau on Tuesday, Republicans and Democrats sparred over whether the Senate should proceed with the nomination of the bureau's first director.

The nominee to be the first director of the Consumer Financial Protection Bureau said he prefers to use "supervisory tools" as opposed to litigation to enforce consumer protection laws.