People

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  Pannes Named CMG MI's SVP and General Manager

  National Mortgage News | February 6

  CMG Mortgage Insurance Co., San Francisco, named Pete Pannes senior vice president and general manager.

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  Houp Joins Kinecta Federal Credit Union

  National Mortgage News | February 3

  Kinecta Federal Credit Union, Manhattan Beach, Calif., hired Scott Houp as director, national correspondent wholesale loan production.

• Signs of Life in Wholesale?

  What We're Hearing | February 3

  Wholesale lending is back! OK, not exactly. Citigroup announced its exit from the channel this past week and some trade journals - not knowing their stuff - seemed to think it was the biggest story since the Hindenburg disaster. Wholesale only accounted for 9% of Citi's production.

• Barbara Desoer, President of B of A Home Loans, to Retire

  National Mortgage News | February 3

  Barbara Desoer, the president of Bank of America's home loans division who was once considered a possible successor to former Chief Executive Ken Lewis, will retire at the end of February, B of A said Friday.

• Capital Markets Chief at Ally/GMAC Bolts for Fannie Mae

  National Mortgage News | February 3

  It appears that possible salary and bonus caps at the GSEs are not hurting the recruiting efforts of at least Fannie Mae.

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  Recap Hires Bos as Principal Consultant

  National Mortgage News | February 2

  Recap Real Estate Advisors, Boston, said that Leslie Bos has joined the organization as principal consultant.