Housing market recovery threatened by mortgage rate pop

Home sales and home prices have been improving for several weeks. Unfortunately, this period could be fleeting, because we had strong economic news last week. Ironically, a strong employment situation in the country drives the bond market to higher rates. After the recent lows with mortgage rates th
Read MoreMBA, other stakeholders team up to address racial homeownership gap

The Mortgage Bankers Association (MBA) on Monday announced the launch of a new initiative involving 12 other corporate stakeholders. The entities will seek to find potential solutions for closing the racial homeownership gap.The new initiative comes in the form of a group called the “CONVERGENCE Col
Read MoreOpendoor hires C-suite leaders in finance, technology roles

In time for a fall homebuying season that could be busier than usual due to lower mortgage rates, Opendoor has made appointments to a pair of vital roles.The company announced that it has named Selim Freiha its chief financial officer, while Shrisha Radhakrishna assumes the title of chief technology
Read MoreMBA promotes pair to bolster affordable housing, DEI initiatives

The Mortgage Bankers Association (MBA) has announced two promotions within its leadership team. The trade group named Wendy Penn as vice president of affordable housing initiatives and Amber Lawrence as vice president of diversity, equity and inclusion (DEI). Penn and Lawrence join 12 other women on
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