Career moves

More professionals, including securitization staff, are continuing to leave Morgan Stanley, published reports have indicated.

Albert Sohn, previously head of securitized products at Credit Suisse, will move into alternative investments in asset management at the bank. In his new position, Sohn will manage structured credit and residential real estate assets, according to an internal memo obtained by ASR.

One day after his appointment as the director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray sent a clear signal that he intends to move aggressively to enforce the agency's expanded authority.

Wells Fargo Securities has appointed Charles Mather as head of CMBS trading, according to a Dow Jones report that cited individuals familiar with the company's trading desk.

While all eyes were on the recess appointment of its first director Wednesday, the Consumer Financial Protection Bureau (CFPB) quietly released guidance that directs supervised banks to turn over any and all information it requests.

The American Securitization Forum (ASF) announced today that John Walsh, acting comptroller of the currency, will give a keynote speech at ASF 2012.

Two more Standard & Poor's executives whose respective roles have included oversight of MBS ratings are leaving the company, possibly as part of an ongoing reorganization, according to a recent Wall Street Journal report.

The White House Wednesday morning signaled its intention to make former Ohio Attorney General Richard Cordray the first director of the Consumer Financial Protection Bureau (CFPB)through a recess appointment.

Jerome Selitto has resigned as president and chief executive of PHH Corp., Mt. Laurel, N.J., and has been replaced by the company's chief operating officer Glen Messina.

Knight Capital Group has appointed a director of institutional credit sales responsible for selling bank loans and high yield bonds to large European investors.

The Collingwood Group acquired GWN Consulting, which is a firm specializing in Federal Housing Administration (FHA) and Ginnie Mae risk management and quality control.

The need for private capital to return to mortgage financing is a major discussion point in the future of U.S. housing. REITs are an ideal vehicle for bringing in that private capital. However, before this can occur, a couple of things need to happen, said Calvin Schnure, a mortgage market economist at the National Association of Real Estate Investment Trusts (NAREIT).

Americans who are able to buy homes are putting down payments of more than 12% on average, a survey from mortgage lead generator LendingTree found this month.

Mickael Le Gargasson, Societe Generale’s director of acquisition and leveraged finance for the Asia Pacific region has left the firm, according to reports.

Hannover Re Group executive board member Wolf Becke will retiring after 20 years of serving on the board.

Morrison & Foerster has been appointed as legal counsel for the European DataWarehouse (ED), the Eurosystem-endorsed data repository that will facilitate the storage and dissemination of ABS loan-level data.

Morgan Stanley said Tuesday in a filing that more than a third of the 1,600 layoffs it announced earlier this month may be in New York City.

Edward DeMarco, the acting director of the Federal Housing Finance Agency, has one of the toughest jobs in town.

Reed Smith has hired Tamara Box as head of structured finance. The new hire joins the firm's London office as a partner in the financial industry group (FIG). Box was previously the head of international structured finance at Berwin Leighton Paisner.

The American Securitization Forum (ASF) will have California Congressman Ed Royce and Arizona Congressman David Schweikert as keynote speakers at its ASF 2012.