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The Midwest housing market revival, charted

For decades, cities in the Midwest have declined due to an exodus of manufacturing jobs that changed the region’s nickname from the “Steel Belt” to the “Rust Belt.” While elected leaders from Donald Trump to Bernie Sanders have proposed tariffs on industries whose jobs once sustained the region, the Midwest is rebounding all by itself….

Teresa Carlile hired as president of Ridgeland Mortgage

Ridgeland Mortgage, a recently formed joint venture between loanDepot and homebuilder Smith Douglas Homes, on Thursday announced the appointment of Teresa Carlile as president. In her new role, Carlile will lead Ridgeland’s growth strategy and daily operations. “Teresa is a trusted leader in the mortgage industry, and as our first key hire, she’s an exceptional…

Sandra Thompson to depart FHFA prior to Trump inauguration

Federal Housing Finance Agency (FHFA) Director Sandra Thompson will leave her post on Jan. 19, a day before the inauguration of President-elect Donald Trump, according to an agency spokesperson who spoke with Bloomberg. Thompson first joined FHFA following a 23-year tenure at the Federal Deposit Insurance Corp. (FDIC) before becoming its deputy director in 2013….