HUD reaches sexual harassment settlements in three states

The Department of Housing and Urban Development announced Monday that it reached sexual harassment settlements with housing industry participants in three different states. The settlements come on the heels of HUD announcing an initiative to combat sexual harassment in housing.
Source: HousingWire Magazine

Community Mortgage Lenders of America hires new executive director

The Community Mortgage Lenders of America board announced the hiring of Ed Wallace as its new executive director. Wallace is succeeding Glen Corso, who retired in November, and taking over for Rob Zimmer, CMLA head of external relations, who served in this role in the interim.
Source: HousingWire Magazine

LRES announces industry veteran as new company president

LRES, a residential and commercial real estate services company, announced Monday that Mark Johnson, who joined the company last year, has been named company president. The company explained Johnson’s passion to improve the valuation industry will allow it to enter in to the next phase of its growth.
Source: HousingWire Magazine

Freddie Mac hires Ricardo Anzadula as senior legal advisor to CEO Donald Layton

Freddie Mac announced Monday that it hired Ricardo Anzadula to serve as executive vice president and senior legal advisor to Freddie Mac CEO Donald Layton. Anzadula will be taking the place of Freddie Mac Executive Vice President—General Counsel and Corporate Secretary William McDavid, who will be retiring at the end of 2018.
Source: HousingWire Magazine

Improving economy can’t push home sales higher

Pending home sales decreased annually in March, and are showing no signs of improvement as housing inventory fails to keep up with homebuyer demand. NAR explained healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory.
Source: HousingWire Magazine

Redwood Trust inks deal with 5 Arches to grow single-family rental loan business

Redwood Trust, a real estate investment trust that specializes in buying and securitizing jumbo mortgages, is set to expand into investor-focused loans thanks to a new deal with 5 Arches. Under the deal, Redwood Trust is buying 20% of 5 Arches, an originator and asset manager of investor-focused loans, including loans for single-family rental homes, multifamily bridge, and fix-and-flip residential real estate.
Source: HousingWire Magazine

HousingWire expands with two key hires, enters into multifamily housing coverage

HousingWire is super excited to announce we’re adding a new layer to our award-winning mortgage industry coverage and we’ve added two new reporters, Alcynna Lloyd and Jeremiah Jensen, to help get us there.
Source: HousingWire Magazine

NFHA: Greatest threat to fair housing is government’s failure to enforce the law

As the number of fair housing complaints increased in 2017, fair housing groups are saying it is time for it to end. One expert said: we must put an end to the many institutionalized barriers that prevent too many families in this country from fair access to housing. The problem? According to a new report, the greatest threat is the government’s failure to enforce the law.
Source: HousingWire Magazine

Monday Morning Cup of Coffee: Private capital is returning to the mortgage market

A few weeks ago, we asked if private capital was beginning to show more interest in the mortgage market. And now, we’re starting to see more signs that interest in mortgages that don’t fit inside the Qualified Mortgage box seems to be growing. Plus, big rental-related news out of New York and Minnesota. All that, and more, in your Monday Morning Cup of Coffee.
Source: HousingWire Magazine

Matic appoints Shaz Kojouri VP of legal and compliance

Digital insurance agency and 2018 HousingWire Tech100 winner Matic announced recently it has named Shahrzad “Shaz” Kojouri as vice president of legal and compliance. A licensed attorney with more than 15 years of experience in corporate compliance, Kojouri will have responsibility over corporate governance, regulatory compliance and vendor management at Matic.
Source: HousingWire Magazine