Career moves

Monroe Credit Advisors, an affiliate of middle market lender Monroe Capital, said it added Jeff Knopping as a managing director and partner to open its New York office.

3i Debt Management has hired former Credit Suisse CLO chief Andrew Bellis to head up the firm’s global growth effort, the company said.

The credit scoring system is broken, plain and simple.

The Mortgage Bankers Association (MBA) has formed a select committee to find a replacement to departing president David Stevens with 15 candidates being thrown into the pool, according to officials familiar with the process.

The Securities and Exchange Commission(SEC) has appointed Thomas Butler as director of the agency's new office of credit ratings, which was created by the Dodd-Frank Act.

SunTrust Mortgage has named two new executive presidents, hiring industry veterans from PNC Mortgage and IBM Corp.

Maureen Stewart joined NewOak Capital as managing director of mortgage credit and compliance services, where she will help establish an “integrated, expert-driven mortgage credit advisory services platform.”

Paramount Residential Mortgage said it has hired former Caliber Funding official Dave Pilotte as its new wholesale manager in charge of the Inland Valley area and Southern California.

The Government National Mortgage Association (GNMA) is in no rush to sell the $11.5 billion of mortgage servicing rights that it inherited almost two years ago when nonbank lender/servicer Taylor, Bean & Whitaker failed.

Matthew S. Feig has hopped over to Stroock & Stroock & Lavan from Cadwalder, Wickersham & Taft. He was started June 7 in the N.Y. office as special counsel in the structured finance and insurance practice groups.

Competition from jumbo loans and recent delays in key secondary market regulations are key hurdles holding back the long-awaited return of this secondary market, which is making some strides in other areas.

Walker & Dunlop announced today the acquisition of CW Capital LLC . The combination will create one of the largest commercial real estate lenders in the nation.

Garett Stoffels joined BGC Partners' real estate capital markets group as senior managing director and head of equity capital markets, the company said in press release today.

The U.S. hurricane season is only just getting underway, but so far this year, insured damage from tornado activity and other global catastrophes is running well below the same time last year, according to Guy Carpenter.

The commercial real estate finance company hired James Cope and Patrick Dempsey as senior vice presidents with plans to open a new office in Milwaukee, Wisconsin.

Former Federal Deposit Insurance Corp. chair Sheila Bair is at helm of a new private sector, volunteer group, The Systemic Risk Council.

Fitch Ratings said in a press release Tuesday that the California Proposition 29, the Tobacco Tax for Cancer Research Act, could reduce payments that all states receive from the Tobacco companies under the 1998 Master Settlement Agreement (MSA).

Ocwen Financial Corp., a provider of residential and commercial loans based in Atlanta, Georgia, bought Aurora Bank’s commercial servicing portfolio.

As head of the Mortgage Bankers Association (MBA), David H. Stevens spent the last year warning that excessive and ill-considered regulation could drag down the mortgage market.

BlackRock has launched its global real estate securities capability, which is an investment platform born from BlackRock's experience in the real estate investment business.