Thirty-one minority professionals have been awarded scholarships to the Mortgage Bankers Association of America's School of Mortgage Banking under a joint MBA/Freddie Mac diversity program.The program, Path to Diversity, was developed two years ago to increase cultural diversity in the real estate finance industry. In addition to providing scholarships, the program supports the internship programs of the 17 participating member firms by offering MBA distance-learning courses to interns free of charge, the sponsoring organizations said. The member firms are: American First FCU, Bank of America, Cenlar, Chase Manhattan Mortgage, CitiMortgage, CTX Mortgage, Countrywide, Ditech, GMAC, Irwin Mortgage, Magnet Portfolio Services, Peninsula Mortgage Bankers, Peoples Choice Mortgage, R-G Financial Republic Bank, SunTrust Mortgage, United Guaranty, and Wells Fargo Home Mortgage. The MBA can be found online at http://www.mbaa.org.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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