Career moves

Kelly Thompson Cochran will now serve as the acting assistant director for regulations at the Consumer Financial Protection Bureau.

A UBS fixed-income cohead is planning to leave the firm next month, a representative confirmed.

Jill Showell, who was formerly from PMI Group, becomes the mortgage servicer's senior vice president for government and community relations.

Mark Foster will focus on legal issues surrounding real estate offerings.

The Carlyle Group will back The TCW Group in a purchase that would garner roughly 40% interest from its Paris-based parent company.

SunTrust Bank, one of the largest mortgage lenders in the U.S., is looking for a new executive to manage retail production after the departure of Martha Simmons Scott.

SNR Denton has hired Kenneth Wright Jr. as a partner in its capital markets practice. Wright was previously at Skadden, Arps, Slate, Meagher & Flom and will be based in SNR Denton’s New York office.

GoldenTree Asset Management, the $15.7 billion hedge fund specializing in corporate credit, has hired former Goldman Sachs trader Deeb Salem as the firm expands its mortgage-bond team.

After announcing seven new hires last Tuesday, Gleacher & Co. Securities has added two new hires as part of its efforts to strengthen its MBS & rates division.

BNY Mellon Capital Markets has recruited an eight-person team of MBS experts from Ally Securities.

Due diligence provider Risk Management Group (RMG) said that Charles Cacici has resigned from his position as managing member of the firm. Cacici plans to focus on personal endeavors, according to a statement from RMG.

Former CMBS strategist for UBS Securities filed complaints with different courts, claiming that UBS and its parent corporation, UBS AG, fired him unjustly.

Ed DeMarco, acting director of the Federal Housing Finance Agency (FHFA), said Tuesday that struggling borrowers whose loans are owned by Fannie Mae and Freddie Mac will not be allowed to wipe out part of their mortgages under a government program, defying pressure from the Obama administration and top Democratic lawmakers.

Knight Capital Group hired Robert Cestari and David Simek for its institutional fixed-income sales and trading group.

Babson Capital Management has launched a middle market lending group, the Springfield, Mass.-based investment management firm said.

Gleacher & Co. Securities, a broker-dealer subsidiary of Gleacher & Co., hired seven professionals to the MBS and rates division in its New York City office. Glen Riis and Samir Shah have been hired as managing directors while Eric Baeri, Samuel Hernson, David Kaplan, Anthony Mun, and Jeffrey David Weaver have joined as directors.

Kenneth Margala has been hired as director at Cantor Commercial Real Estate (CCRE) where he will focus on loan origination.

Citigroup plans to cut roughly 350 additional jobs this year from its securities division, which includes investment banking and trading, according to published reports.

The American Securitization Forum (ASF) wrote a letter to the San Bernardino County Board of Supervisors that stated that the proposed plan to use eminent domain to seize residential mortgages would be “poor public policy and unconstitutional.”