MBA, 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

Opendoor 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

MBA 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

Home purchase sentiment hits highest level in two years

Consumer confidence toward purchasing a home increased in September to its highest level in more than two years due to the expectation of lower mortgage rates, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI).  But that’s only an early sign that the market is shifting. Due to the expec