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The class action complaint comes after U.S. senators called on regulators to investigate the bank’s alleged treatment of minority homeowners.

An audit found that mostly wealthy, white homeowners in urban counties were benefiting from the century-old policy.

Non-agency loan expert Bill Dallas will transition to serving as an advisor to the parent company’s CEO for the coming year.

Also, loanDepot promotes within its marketing division, BSI Financial aims to grow lending operations and NAREB appoints executive director.

This follows the publication last week of an investigation that found that the bank had in 2020 approved only 47% of applications to refinance mortgages completed by Black homeowners compared with 72% of those from White applicants.

Join Maggie Kimberl, President of the Bourbon Women Association for a peek behind the scenes of the bourbon industry. Learn more about the women that are rising in the male-dominated spirits sector, the proper bourbon tasting technique and a little bit of the history of bourbon.

Many highly ranked mortgage firms support professional training and certifications, but they warn that they won’t support anyone who tries to game the system like some loan officers and providers have.

Zeenat Sidi will lead mello, which will develop lending products and house the parent company’s other mortgage-related businesses.

Also named the chairman of Home Point, the onetime single-family EVP’s latest appointment is his third in the past two years.

A “small number” of the more than 3,000 workers were affected by the snafu, the company said.