People

Across the nation, over 700,000 Black families are "income mortgage-ready," or able to spend 30% or less of their income on a home loan for the typical house in their local market.

A financial services veteran, Peter Akwaboah joins the government-sponsored enterprise after serving as a managing director for Morgan Stanley, where he led technology and innovation strategy.

Significantly more Americans own a home now than a decade ago, but the disparity between Black homeownership rates and those of other racial and ethnic groups has grown wider, according to the National Association of Realtors.

Dan Sogorka steps aside after four years, remaining as an advisor until he moves to a new opportunity.

Known by his nickname Buz, John Gorman helped the Conference of State Bank Supervisors launch its nationwide cooperative agreement in 2006 and the National Multistate Licensing System for mortgage lenders two years later.

A look at Home Mortgage Disclosure Act data of similarly situated conforming applicants also finds some lenders' own comments for the rejection doesn't match up with the reason given, the Federal Reserve Bank of Minneapolis said.

The annual reconciliation shows nonbank cuts were deeper than the initial read suggested, and comes as the latest numbers for broader employment show a surge.

The Detroit-based company named Andreesen Horowitz partner and fintech entrepreneur Alex Rampell as an independent director, following the launch of artificial intelligence initiatives late last year.

The company declined to provide an estimate of how many senior executives were impacted by the reduction and called it "a flattening of the organization."

Also, nonbanks make a noticeable push in the wholesale space, Citizens Bank alums find new homes, Ranieri Solutions names new CEO, and more.