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mnotes Breaking the Mold The Women Who Are Revolutionizing the Industry S o much about the mortgage industry is about the data—the stats, numbers, and figures that let us know whether we are on track or need to alter the course. This month, as part of our special Women in Housing issue, we instead take a more personal approach. Don't worry, you'll still get all the mortgage news you've come to rely on us for, but you'll also get the personal stories of the female leaders who help make this industry tick. First, we present our "Power Players"— Christina Boyle, Mary Frances Burleson, Kathryn Madison, Laurie Maggiano, Kathleen Malone, and Congresswoman Maxine Waters. These mortgage and housing veterans are the embodiment of grace under fire. Though they all have high-ranking positions, they never let the pressure show. Instead, they use the les- sons they have learned throughout their careers to inspire other women and en- courage them to follow in their footsteps. We are also honored to present our inaugural "Leading Ladies" list. The 40 phenomenal women featured in this sec- tion were nominated by their peers in the industry, who cited all the qualities that make them strong leaders—such as their intelligence, drive, and pursuit of innova- tion. Representing all the differing seg- ments of the industry, our 2015 "Leading Ladies" are ready to tackle the challenges the housing and mortgage markets will continue to face–and there is no one else we would want leading the charge. Once you have explored this month's special profiles, make sure to read, "Rising from the Ranks," in which contributor Aly Yale explores the female executive's experience in the mortgage industry. As Yale notes, while a growing number of women are making successful careers in mortgage, the upper echelons are still predominately populated by men. In addition to profiling the women working within our industry, this issue is also dedicated to exploring the female consumer experience in the mort- gage market. In "Gender Bias and the American Dream," University of Texas at Austin School of Law professor A. Michele Dickerson explores the unique hurdles that women face in the U.S. housing market. Some topics explored include housing discrimination, income gap, and the experience of single women in the marketplace. In the same vein, "Woman of the House" by Katie Buitrago and Spencer Cowan uses data gathered from Chicago mortgage applications to answer a vital question: Are mortgage loans are easier for men to obtain than for women? While women have come a long way since the days of coverture laws, it is clear that disadvantages still exist that hinders a level playing field, and Buitrago and Cowan dive into those in this piece. Lastly, Becky Walzak gives us an insider's perspective on how lenders can help bring a greater number of women to the market in "The Lending Gap." Walzak also takes a look at how income levels between men and women can fac- tor into mortgage lending decisions. This is a special issue. To see all the accomplishments the women of this in- dustry have achieved is truly a humbling sight, and I thank the individual women who have shared their stories with us, as well as the companies and industry partners who have supported them along their journey. All the best, Rachel Williams Editor 2 | Th e M Rep o RT editor Rachel Williams online editor Xhevrije West Copy editors Krista Franks Brock Alison Rich Aly Yale Contributors Katie Buitrago Spencer Cowan A. Mechele Dickerson Aly Yale Becky Walzak Creative direCtor Jason Stone art direCtor Denis Kashoid Jonathon Won design direCtor Sean Walker advertising Suzanne Andresen (207.443.3314) Robyn Clayton (214.525.6716) Kevin McCrea (214.525.6756) Jason Myers (214.525.6760) Lindsay Wolf (214.525.6713) Corporate offiCers Chairman & Chief Creative offiCer Mark hulme president & Chief exeCutive offiCer ed Delgado Chief finanCial offiCer John harrison direCtor of hr/aCCounting ernest Gillespie art direCtion Denis Kashoid Jason Stone Sean Walker Jonathon Won No part of this publication may be reproduced without written permission from the publisher. ©2015 Reo publishing LLC All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. MReport strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. MReport does not guarantee the accuracy of the information and is not liable for any damages, losses, or other detriment that may result from the use of these materials. © 2011 First American Financial Corporation and/or its affiliates. All rights reserved. YOUR business is OUR business! First American Mortgage Services is laser focused on mitigating YOUR cost, risk and exposure by aligning our advanced solutions with YOUR strategic objectives and compliance needs. We are the New First American, over 120 years young, strong and financially secure. 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FIRST AMERICAN and FIRST AMERICAN TITLE are trademarks owned by First American Financial Corporation. 2 | Th e M Rep o RT Publisher Jon Ball contributing editor Abby Gregory online editor theMrePort.coM Ryan Schuette coPy editors Alison Rich emily White Youree heather hill contributors phil Britt Bob Calandra eric Fox Jack Konyk Mark Lieberman creative director Jason Stone art director Jonathan Won associate art directors Bruce Sons Chanyanont Loha-Unchit design director Sean Walker advertising Dina Duncan (214.525.6740) Jason Myers (214.525.6760) Andi Zimmerman (214.525.6724) technology Toby Tull Brandon Shangraw social Media Leon McKenzie Ani Vera circulation/corresPondence Celina Avila corPorate officers chairMan & chief creative officer chief executive officer Mark hulme edward R. Delgado business develoPMent Andi Zimmerman chief financial officer John harrison director of huMan resources ernest Gillespie director of oPerations Toby Tull account executives senior account executive Donna Lott (214.525.6792) sPonsorshiPs Jason Myers (214.525.6760) account executives Renee Charles (214.525.6742) Thomas Griffin (214.525.6754) Kristin Larson (214.525.6713) Ryan McLemore (214.525.6706) Marketing Travis Bogdon Matt hulme Production Kyle Curtis Miguel Martinez Christian McCrossan concierge Celina Avila art direction Jason Stone Sean Walker Jonathan Won No part of this publication may be reproduced without written permission from the publisher. ©2011 Reo publishing LLC All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. MReport strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. MReport does not guarantee the accuracy of the information and is not liable for any damages, losses, or other detriment that may result from the use of these materials. FORDEFAULTSERVICINGPROFESSIONALS THEFIVESTARINSTITUTE Follow us.