News

Embrace Home Loans, a Rhode Island-based mortgage lender, announced this week that longtime employee Ryan “Buddy” Hardiman is being promoted to senior vice president of retail and direct sales.  Hardiman has been with the company for more than a decade.…

A federal investigation found that Wells Fargo discriminated against thousands of African American and female job applicants based on their race and/or gender, the Department of Labor said this week. The Labor Department announced this week that it reached a…

Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements. DocMagic, a provider of eMortgage services, launched a new mobile application that aims to provide borrowers with a transparent way to stay fully…

The Supreme Court announced Friday it will take on the case challenging the constitutionality of the Consumer Financial Protection Bureau’s leadership. Back in 2017, a battle between the CFPB and PHH began, starting with a $103 million increase to a $6 million fine initially…

Poorer communities in the U.S. are more likely to face falling home values as they struggle to adjust to floods and rising insurance costs, according to an article from Bloomberg. The Bloomberg article cited analysis from the San Francisco Reserve,…

The Trump administration has laid out more than two dozen unilateral actions it wants to take to put Fannie Mae and Freddie Mac firmer ground and release them from government conservatorship. But, there’s a little thing called “election risk.” If…

Freddie Mac announced Friday that Frank Nazzaro has been named executive vice president and chief information officer. Nazzaro originally joined Freddie Mac in 2018 as its chief technology officer, and has been the acting CIO since May 2019. With over…

In September, America’s home sales climbed 8.1%, representing the largest year-over-year increase since 2016, according to the RE/MAX National Housing Report. RE/MAX reports that September’s annual increase was the largest September increase since 2013. Although this was accompanied by an August-to-September decline…

Short-term rental site Airbnb doubled down on its loss from the first quarter of 2018 in the first quarter of 2019, but the company appears more ready for growth than ever. Airbnb’s operating loss more than doubled from the first…

Over the next two decades, households in their 80s will be the fastest-growing age group.  That’s according to a recent study by the Joint Center for Housing Studies of Harvard University, which found that more older Americans than ever are…