In a new article jointly authored by the Federal Home Loan Bank of San Francisco and the Urban Institute, new research examines the effects of Artificial Intelligence (AI) in helping level the playing field for minorities and borrowers of color, with the ultimate goal of advancing racial equity in homeownership.
Read More »Chris Lewis Promoted to Director of Sales at DocMagic
Twenty-five-plus-year industry veteran tapped to lead sales operations and oversee revenue for all products and services for provider of eMortgage solutions for the mortgage industry.
Read More »Arc Home Appoints Brian Devlin President and CEO
Bringing more than 20 years of experience in product development, capital markets, and the non-QM space to his new role, Brian Devlin will assume the role of Arc Home President and CEO.
Read More »FOMC Holds Rates Steady
The Federal Reserve’s Open Market Committee chose to forgo the opportunity to raise the central bank’s nominal interest rate at the conclusion of their October/November meeting, a repeat of the action the committee last took in September.
Read More »MGIC Appoints Mike Thompson to Its Board of Directors
Current CEO of Fair Oaks Foods is named to the Board of MGIC to share his expertise in risk management with the company.
Read More »Thomas Nides Steps Down From Role as Wells Fargo Vice Chairman
Just weeks after being named Vice Chairman of Wells Fargo, Thomas Nides has decided to leave his post, with the former U.S. Ambassador to Israel instead turning his attention to recent events in the Middle East.
Read More »23-Year-High Mortgage Rates Further Suppress App Volume
With the 30-year, fixed-rate mortgage edging closer to eclipsing the 8% mark, the MBA reports overall application volume falling from last week’s total, dipping to the slowest weekly pace reported since 1995.
Read More »Peter Boomer Named President of Proper Rate
Mortgage lender adds 30-year former PNC Bank and JP Morgan Chase exec to lead overall direction and manage oversight of the company’s strategic growth.
Read More »Mortgage Tech Vet Stephanie Durflinger Joins Dark Matter Technologies
Former ICE, Sagent, and Ellie Mae executive joins mortgage tech provider to spearhead product development of the company’s Empower software and digital products.
Read More »Former Federal Home Loan Bank of Chicago Exec Launches National Correspondent Lender
Bringing 30 years of industry experience to his new role, Stephen Thomas has launched minority-owned, national correspondent lender FutureWave Finance to expand homeownership nationwide.
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