People

In recent weeks, Miami-based Lendmarq has swept up more than a dozen staff members.

However, the jobs picture for December was better than what was expected, the Bureau of Labor Statistics data found.

She led two mortgage companies in a male dominated industry, and most recently was CEO of risk management firm Dytrix.

Also, Rice Park ups venture capital funding team, Planet Home opens branches in mid-Atlantic and Union Home names Texas regional manager.

Banks and other lenders revived special-purpose credit programs after racial-equity protests in 2020 prompted them to reexamine their services for historically underserved groups. Now they're taking those initiatives nationwide.

The firm said it would still originate and service loans out of the office where the cost-cutting measures will occur.

Jan Davis has been named acting president of the technology standards organization as the Mortgage Bankers Association conducts a search for a permanent replacement.

The laws dictating advance notice of mass terminations include various exemptions for employers and suggest employees seek any recourse through legal action.

The cut occurred across departments and included the dismissal of the company's head of mortgage.

A new state study suggests that mortgage lenders are putting up barriers to home ownership among people of color.