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Michelle Korsmo will become the new chief executive of the American Land Title Association, replacing Kurt Pfotenhauer, who is leaving at the end of the month to become executive vice president and vice chairman of First American Title Insurance Co.

Elizabeth Warren will step down Aug. 1 from her post as special advisor to the Treasury secretary at the Consumer Financial Protection Bureau and Raj Date, a high-ranking official at the new bureau, will replace her.

American Land Title Association CEO Kurt Pfotenhauer is joining First American Title Insurance Co. as executive vice president and vice chairman, leaving the trade group after three and one-half years on the job.

Wholesaling veteran Al Cristany has accepted a position with 360Mortgage Group, Austin, Texas, one of the few lenders that funds exclusively in the broker channel.

The Federal Home Loan Bank of San Francisco appointed Elena Andreadakis as senior vice president and chief information 0fficer.

The American Bankers Association said its top lobbyist, Floyd Stoner, is retiring at the end of the year after working at the association for over 25 years.

Caliber Funding has added three new senior vice presidents to its executive management team.

By waiting so long to nominate Richard Cordray to be the first director of the Consumer Financial Protection Bureau, President Obama has boxed himself in and Cordray will have to be confirmed by the Senate for the new bureau to exercise its full powers.

The bank-owned PNC Mortgage Thursday confirmed that it hired mortgage industry veteran E. Todd Chamberlain as its president and chief operating officer beginning August 8.

The “brain drain” at Freddie Mac continued this week with the news that Robert Bostrom, the GSE’s general counsel and executive vice president, is leaving to join the law firm of SNR Denton.

CMG Mortgage Insurance Co. said that Nate Halverson joined the company as account executive for the Mountain West territory.

Steve Curry, a six-year veteran of Impac Mortgage Holdings, has left the lender to accept an EVP job with ClearVision Funding, a fast growing wholesaler based in Santa Ana, Calif.

The Consumer Financial Protection Bureau officially opens its doors July 21 and one of its first initiatives will be to reach out to the 111 largest U.S. banks to establish lines of communications as it prepares to conduct its first on-site examinations later this year.

President Obama on Tuesday officially appointed Carol Galante to serve as the new acting commissioner of the Federal Housing Administration, overseeing the agency's single family and multifamily programs.

Todd Chamberlain, a 25-year veteran of the mortgage industry and the head of residential lending at Regions Financial left the company last week to take a job with a competitor, industry officials told National Mortgage News.

Bank of America on Monday tapped its legacy servicing chief, Terry Laughlin, as the bank’s new chief risk officer.

Spirit Finance Corp. appointed Thomas Nolan as chairman and chief executive officer, succeeding Chuck Cremens as CEO.

Lender Processing Services Inc.’s CEO and president Jeffrey S. Carbiener, is stepping down, effective immediately, for what the company said are significant health-related reasons.

TD Bank has appointed a director of retail lending sales and plans to hire roughly 100 residential mortgage staff along the East Coast of the United States.

Bank of America has named Mike Hall to replace Paul Szymanski as the head of its warehouse lending business. Szymanski left B of A to reunite with former Countrywide Credit Industries president Stanford Kurland and start a warehouse lending business at PennyMac.