Career moves

Perella Weinberg Partners named six new partners. The partners have all been promoted to partner from managing director and are based in New York and London.

Former Comptroller of the Currency (OCC) John Dugan, a key regulatory player in the 2008 financial crisis, has accepted a position with the Washington law firm of Covington & Burling.

Timothy Ng and Mark Hong have joined the investment consulting arm of Clearbrook Global Advisors.

The Treasury Department will gather more detailed information from residential servicers on their proprietary loan modifications.

Credit-Based Asset Servicing and Securitization (C-BASS) founders Bruce Williams and Saul Sanders have formed a new company with the working title of 'Shellpoint' to purchase and securitize jumbo residential lenders, industry sources confirmed to National Mortgage News.

Dechert hired Laura Swihart as a partner in the finance and real estate practice and will be based in the firm’s New York office. Swihart was most recently a partner at Winton & Strawn.

The Senate Banking Committee Tuesday afternoon approved the nomination of Joseph Smith to be the next director of the Federal Housing Finance Agency (FHFA) by a 16-6 vote. However, several Republicans are planning to delay his confirmation by the full Senate.

Joe Smith, the Obama administration's nominee for director of the Federal Housing Finance Agency, said Monday that the government should continue playing a role in the mortgage market, but he left the final word to Congress.

BDO Valuation Advisors has hired Greg Adams as director and national real estate practice leader, the firm announced.

DoubleLine Capital, the brainchild of portfolio manager Jeffrey Gundlach, revealed in a Securities and Exchange Commission (SEC) filing Monday that “employees and former employees” have been questioned by federal investigators.

Rep. Spencer Bachus was formally selected by the Republican Steering Committee on Tuesday to serve as chairman of the House Financial Services Committee next year, beating back a challenge from Rep. Ed Royce, R-Calif.

Edward Yingling, the outgoing president and chief executive of the American Bankers Association, is becoming a partner at the law firm of Covington & Burling starting in January.

NewOak Capital appointed Rachel Gould as general counsel and managing director at the firm.

Joseph Herbst, a top executive at two large corporate credit unions that failed under the weight of risky mortgage investments, emerged last week after being hired as the new CEO for CUMAnet, a mortgage lending credit union services organization (CUSO) based in Basking Ridge, N.J.

Praesidian Capital named a new managing director and vice president, the New York-based mezzanine provider and asset manager said today.

Thomas F. O'Neill, a founding principal of Sandler O'Neill Partners, unveiled plans to retire from the New York banking firm — but join a financial services company controlled by MBS co-inventor Lew Ranieri.

Cole Real Estate Investments hired Jeffrey Holland as head of capital markets and executive vice president.

HeartLand Financial USA, Dubuque, Iowa, has hired a former Bear Stearns Residential Mortgage (BSRM) executive and his team from a failed Arizona thrift to lead what it hopes will be a growing mortgage operation.

Thomas Parachini has joined SNR Denton's London banking and finance department.

Cole Real Estate Investments hired Travis Bowers as senior director of underwriting. In this role, Bowers will be responsible for underwriting functions related to analyzing and acquiring prospective office and industrial acquisition pursuits.