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 fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
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However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
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OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
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President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
July 8 -
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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