Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), announced an update to its Pathfinder tool, an artificial intelligence (AI) and machine learning-powered search engine used by mortgage bankers, brokers and underwriters. A new AI chat interface in...
Romy Bowers has announced her decision to step down as president and CEO of the Canada Mortgage and Housing Corporation (CMHC) in December for the International Monetary Fund (IMF), where she will take on the role of director of the Office of Risk Management. Bowers...
Wells Fargo (NYSE:WFC) announced Thomas R. Nides has resigned as its vice chairman, one month after he joined the company. Nides joined Wells Fargo after retiring in July as U.S. Ambassador to Israel, a post he had held since 2021. In announcing his departure, Nides...
Cenlar FSB, a Ewing, New Jersey-based mortgage loan subservicer, has named David Schneider as the company’s president. Schneider joined the company earlier this year as chief financial officer. Before coming to Cenlar, he was the president of CitiMortgage, president...
One of the most prominent thought leaders in the mortgage and real estate sectors has faulted the Biden White House for a “significant leadership void” on the subject of housing. David H. Stevens, the former president and CEO of the Mortgage Bankers Association,...
The Biden administration is supporting the conversion of vacant commercial properties into residential housing, although it declined to allocate any new funds for this endeavor. “The actions announced today build upon the initiatives in the White House Housing Supply...
