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Tag Archives: American Mortgage Diversity Council

AMDC Announces New Leadership from BofA

The American Mortgage Diversity Council (AMDC) has taken another step to promote inclusion with the recent addition of Kathy Cummings, SVP, Homeownership Solutions and Affordable Housing Programs at Bank of America, to its council as co-chair. Cummings joins co-chair Michael Ruiz, Director of Supplier Diversity at Fannie Mae, in their mission to create a diverse and inclusive mortgage industry for all.

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Housing Prices Hit Post-Crisis High

According to a new home price index, national housing prices have appreciated to a new post-crisis high as of February. With an index of $268,000 for the month, the U.S. saw its highest home price growth since June 2006. Prices rose 0.8 percent for the month and 5.7 percent over the year.

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Five Star Partners With Industry to Launch Mortgage Diversity Council

The AMDC's goal is to drive results that support the application and promotion of the mortgage industry's best diversity practices, and advancing solutions that support initiatives outlined by Section 342 of the Dodd-Frank Act–which focuses on minority and inclusion rules that call for greater supply chain diversity and greater diversity in hiring and promoting in the workforce.

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