People

The March estimates for payrolls of nonbanks involved in home lending confirm widespread anecdotal reports of industry layoffs, but strength in broader financial-services hiring could pick up the slack.

Johnson, who currently heads a housing-finance industry group, will take over this summer from longtime president and CEO Richard Hunt.

The brokerage will eliminate its minimum housing price policy, which determines who can access its services, among other changes.

Also, Gateless promotes its own to chief technology officer, Panorama Mortgage Group announces new brand, Lower appoints its first CFO and more.

Founder and largest shareholder Anthony Hsieh will now direct strategy as executive chairman.

If each employee who received this deal accepts it, the company’s headcount will be reduced by about 2,080.

Allowing VantageScore to compete in the mainstream mortgage market may help to close the racial homeownership and financial wealth gap by increasing homeownership opportunities for underserved populations, writes the president and CEO of HomeFree-USA.

Originations in this business have slipped over the past four quarters and now make up less volume than what the bank brings in from consumer direct.

The bank asked to move the discrimination case from a Black magistrate to a supervising White district judge, which attorneys for plaintiffs said was an attempt to ‘redline the federal court.’

The moves are the latest executive changes at the company since Chris Marshall moved up to president.