MBA promotes pair to bolster affordable housing, DEI initiatives

The Mortgage Bankers Association (MBA) has announced two promotions within its leadership team. The trade group named Wendy Penn as vice president of affordable housing initiatives and Amber Lawrence as vice president of diversity, equity and inclusion (DEI). Penn and Lawrence join 12 other women on

Home purchase sentiment hits highest level in two years

Consumer confidence toward purchasing a home increased in September to its highest level in more than two years due to the expectation of lower mortgage rates, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI). But that’s only an early sign that the market is shifting. Due to the expect

eXp settles commission lawsuits for $34 million

The top brokerage in the country by transaction side count, eXp Realty, has settled the commission lawsuits. The parent company of eXp Realty, eXp World Holdings, announced the settlement on Monday in a filing with the Securities and Exchange Commission (SEC). According to the filing, the firm offic

Rocket hires Venmo CTO Papanii Okai to lead product engineering efforts

Rocket Companies tapped Papanii Okai, who previously served as chief technology officer at Venmo, as its executive vice president of product engineering. Okai’s hiring, effective Monday, is the latest in a string of hires to the Detroit-based lending company’s executive team since Varun Krishna beca