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Website announcement declares plan to close the channel by Oct. 31.
Financial services veteran brings more than 30 years experience and a strong commitment to affordable housing.
Origination was easy last year, but now you’ve got to get back to basics
Freddie Mac survey finds 30-year fixed-rate mortgages now average 6.7%, more than double the rate at this point last year.
Agreement with N.J. bank is the third-largest redlining settlement in Justice Department history.
Company has posted 3 straight quarterly losses, reduced its workforce by 20% in 2022.
Sreeni Prabhu replaces Robert Williams as CEO and president after two quarters of losses.
A panel of 107 housing market experts and economists predicted rent growth and inflation to outpace home appreciation.