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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.

Lender Finance of America, which reported steep losses in the first half of the year, is also reportedly mulling a massive staff reduction.

Why several rivals are suing the mortgage lender, and why it may not matter

But that was not enough to offset the fourth consecutive monthly decline in total nonbank industry jobs, according to the Bureau of Labor Statistics.

Also, FHFA promotes two key staff members, Cenlar welcomes servicing veteran, while Remax and CMG Financial's joint venture names its president.

CFO Julie Booth and General Counsel Angelo Vitale will remain with the Detroit-based company in advisory roles.

Methods to combat the discrimination include lender disclosures explaining the process, industry guidance around reconsiderations of value, uniform 3D property scans and more automated valuation models easier to audit than manual valuations.

The new chief executive comes to the government-sponsored enterprise from national nonprofit Enterprise Community Partners and previously held management roles at JPMorgan Chase.

The move follows two consecutive quarterly losses for the REIT and comes just days after its sister non-QM lending business laid off 20% of its staff.

SPCPs are posed as an equitable housing solution but hesitation and confusion about them is persistent in the mortgage industry, housing finance experts said.