People

Mortgage industry hiring and new job appointments for the week ending Oct. 18.

Gentrification and rapid home price growth have intensified the loss of wealth the African-American community experienced post-crisis, widening the chasm between what white and black borrowers can afford, Redfin found.

Mortgage industry hiring and new job appointments for the week ending Oct. 11.

Maren Kasper, who has led Ginnie Mae in the absence of a permanent president, is leaving the agency on Oct. 18 to pursue an opportunity in the private sector.

Institutions that offer fewer than 500 open-end lines of credit will get another two-year exemption from reporting requirements under the Home Mortgage Disclosure Act.

David Lowman, executive vice president of the single-family business at Freddie Mac, has informed the company he will be stepping down from his position on or about Nov. 1.

The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.

The firm’s financial woes are mostly a result of overspending, but they have raised questions about how banks’ commercial real estate portfolios might fare if the coworking sector implodes.

NewDay USA, a lender specializing in loans to veterans and military service members, is addressing rate-driven increases in refinancing by hiring more than 100 workers who are new to the business.

Employment estimates for nonbank mortgage companies rose to a 2019 high as lower rates spurred consumer demand in August, but higher rates in September could mean future numbers will be weaker.