Women are not only dominating in the mortgage and real estate industry, but also they are making room at the table for a new generation of women to do the same. To help fuel this growth for future and current
GSEs bolster diversity with senior hires
Both Fannie Mae and Freddie Mac this week made two senior hires that increase diversity in leadership at the enterprises, where the leadership skews toward white and male. At Freddie Mac, Dennis Hermonstyne Jr., who previously worked at Santander Bank,
Guaranteed Rate moves beyond mortgage
Guaranteed Rate is looking to diversify its product mix amid the mortgage downturn. The mortgage lender has rolled out its first personal loan product. Customers can apply for personal loans in 10 minutes and receive funds between $4,000 and $50,000
Flyhomes lays off 20% of its employees as housing demand falls
Flyhomes is the latest venture capital-fueled real estate company to fall victim to the slowdown in the housing market, opting to lay off 20% of its staff this week. To operate in a fiscally “prudent and sustainable” manner in the
Fannie Mae notches two more CIRT deals
Fannie Mae has executed two new Credit Insurance Risk Transfer (CIRT) deals — the seventh and eighth of 2022 — dubbed CIRT 2022-7 and CIRT 2022-8. The two transactions convey a combined $1 billion in mortgage credit risk to private insurers
Movement’s Casey Crawford joins board of Live Oak
Live Oak Bancshares and its subsidiary Live Oak Bank have appointed Casey Crawford, the co-founder and chief executive officer of Movement Mortgage, to its board of directors. North Carolina-based Live Oak Bank’s goal is to be “America’s small business bank,”
Non-QM lenders are racing to stay ahead of rates
Non-QM lender First Guaranty Mortgage Corp. (FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Sprout Mortgage imploded in early July, leaving its employees
Last call for Vanguard Nominations
HousingWire’s Vanguard award program honors executives in housing who have become leaders in their respective fields and are moving markets forward, each and every day. And today marks the last day of the 2022 nomination period for this prestigious award.
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Mortgage application volume dips 1.7% led by decline in purchase mortgages
Demand for mortgages declined for the second consecutive week, led by a dip in purchase mortgage applications — despite rates on a downward trend. The market composite index, a measure of mortgage loan application volume, decreased 1.7% for the week ending