Career moves

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.

Standard Chartered has hired Carsten Stoehr as global head of capital markets. The new hire is based in Hong Kong, Carsten will report to Lenny Feder, who is group head of financial markets, wholesale banking, the bank stated.

The president and chief executive of the Mortgage Bankers Association (MBA) David Stevens is stepping down after one year to become the president of SunTrust Mortgage.

Proskauer Rose has hired a team of restructuring and insolvency attorneys from bankrupt law firm Dewey & LeBoeuf, the New York and London-based firm said.Partners Mark Fennessy and Hazel Miller have joined Proskauer from the troubled Dewey, which filed for bankruptcy protection in New York on Monday, May 28. Fennessy headed Dewey’s European restructuring practice

Natixis Global Asset Management (NGAM) made new hires to its Northern European sales and marketing teams.

Commercial lender CIT Group said today it named Neil Wessan a managing director and head of its capital markets group, effective immediately.

SFC Associates, a securities and financial litigation consultancy, hired Chi Lee, Robert Maroney and Professor Chester Spatt to its structured products team.

The National Credit Union Administration (NCUA) has barred the former CEOs of U.S. Central Federal Credit Union and Members United Corporate Federal Credit Union from working for, or with, any corporate credit union due to their roles in two of the biggest credit union failures.Both credit unions went bust because of faulty MBS investments.

PHH Corp. Monday morning named former General Electric energy executive David Tucker president of its mortgage division.

PPL Corp. has hired Mark Wilten as treasurer and vice president in finance. Wilten is currently treasurer for Nissan North America and Nissan Motor Acceptance Corp. in Franklin, Tenn.

Federal Deposit Insurance Corp. (FDIC) General Counsel Michael Krimminger will be leaving the agency later this month to join the law firm of Cleary Gottlieb Steen & Hamilton as a partner in its Washington, D.C., office.

Allonhill, a mortgage due diligence provider that two weeks ago lost a consulting contract with the Office of the Comptroller of the Currency, has given layoff notices to dozens of employees, according to industry consultants who were briefed on the matter.