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The complaint seeks unspecified damages over the bank’s mortgage origination and underwriting practices, alleging minority homebuyers were excluded from affordable, low-risk loans.

The National Fair Housing Alliance's framework, named Purpose, Process and Monitoring, looks to examine the lifecycle of an artificial intelligence model in order to avoid unfairly discriminatory outcomes.

Sushil Sharma, former Pray.com and LendingTree executive, will take on the newly created chief growth officer position.

The lender and servicer cited negative media coverage over two dozen times in a filing describing the fallout of CEO Vishal Garg’s mass layoffs in December.

Heidi Mason takes over as head attorney of the government-sponsored enterprise from Jerry Weiss, who had been in the position on an interim basis.

Also, InstaMortgage, SitusAMC, Mortgage Network add experienced sales leaders, Greystone expands its CMBS platform and Popular Bank finds new head of residential lending.

The nation's second largest title insurer reported lower fourth quarter earnings, but the shift to purchase transactions pushed revenue higher.

Housing rights advocates said minority home-buyers and homeowners in 39 U.S. metropolitan areas will receive the funds as a result of a legal action alleging racial discrimination in the government-sponsored enterprise's foreclosure practices.

Employment numbers suggest that interest in home purchases is bearing up well despite some limits on consumer spending and normalization in the mortgage market after two banner years.

Zanin, a former GE Capital executive, became chief risk officer at the government-sponsored enterprise only one year ago.