Brenda Hedeen joins Canopy Mortgage as CFO

Former Open Mortgage executive Brenda Hedeen has been hired by Utah-based Canopy Mortgage as its new chief financial officer. “I was delighted when they reached out as I’ve had my eye on this group for years … they have it all: Techcentric, innovative, cost-effective, amazing culture, truly transpar

Guild hires Nora Guerra as SVP of community lending solutions

Guild Mortgage announced on Thursday that it has hired Nora Guerra, who worked at Freddie Mac for more than five years, as its senior vice president of community lending solutions.A mortgage industry veteran with over 25 years of experience, Guerra has recently served as senior manager of national a

FHFA says Federal Home Loan Banks have offered more support to affordable housing efforts

The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA).The report detailed FHLBanks’ activity across several programs that include the Affor

Prices for FICO scores are predicted to rise — again — in 2025

Wall Street investors and analysts forecast that mortgage credit-score costs will rise in 2025 as lower interest rates may drive an increase in home loan applications. Fair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodol