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Kristy Fercho, who's run the bank's home lending division since August 2020, will report directly to CEO Charlie Scharf and sit on the operating committee. Last year, she became the first Black person to chair the Mortgage Bankers Association, and she took the top spot in American Banker's Most Powerful Women to Watch this year.
November 1
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The lender earlier this year also filed a poaching suit against CrossCountry Mortgage.
October 31
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Major efforts are underway to eliminate discriminatory practices in property valuations.
October 31
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About half of the Texas-based lenders' offices are transitioning to American Pacific Mortgage, according to a source.
October 28
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Just because regulators have not initiated any enforcement actions since 2014 doesn't mean they aren't watching.
October 27
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Exclusive Arizent research found that more than 95% of employees think they have something to learn from people who are different from them. But only 66% think that diverse companies make better decisions. We explore the disconnect.
October 26
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The San Francisco mortgage trading platform also added two other tech leaders to its governance team after raising $37 million early this year.
October 24
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Lender Finance of America, which reported steep losses in the first half of the year, is also reportedly mulling a massive staff reduction.
October 21
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Why several rivals are suing the mortgage lender, and why it may not matter
October 11
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But that was not enough to offset the fourth consecutive monthly decline in total nonbank industry jobs, according to the Bureau of Labor Statistics.
October 7
