Courtney Hoff Dockerty

With increasing focus on artificial intelligence in mainstream culture, the home lending field is making progress to adopt it across a variety of functions in the business. Here we round up a few recent developments in the space.

Ransomware attacks are an increasingly significant threat to the home finance industry.

BofA's fintech accelerator launch and Guaranteed Rate's new insurance offering via a brokerage spinoff are among the latest fintech stories.

Investment in software that reduces costs and improves efficiency has slowed but innovation continues.

A series of recent studies offer a view into the dynamics that will impact home sales in 2023.

The impact of climate change is rippling through the mortgage industry, prompting calls for a more proactive response to the growing number of challenges.

Higher conforming loan limits for Fannie and Freddie, a review of the FHLB system and revised multifamily lending goals are among the recent FHFA developments.

The top five had more than thirty billion dollars in retail lending in Q3.

The majority of the banks showed declining volumes compared to the quarter before.

Baby boomers downsizing, millennials entering their prime homebuying years and Gen Zers going for luxe rentals in trendy cities are among the trends to watch.

The pushback the government insurer faced over the revised standards led it to delay deadline for implementation by a full year, to December 31, 2024

The top five have over seven billion dollars in total assets as of June 30, 2022.

Lenders are focusing on these loans to drive new business as the refinancing market continues to decline in the face of higher interest rates.

Major efforts are underway to eliminate discriminatory practices in property valuations.

The top five had more than $15 billion in mortgage servicing in Q2.

The four depositories with the highest volumes wrote more than sixty million dollars in loans combined in Q2.

AI, ML, predictive analytics and complex algorithms can help lenders expand credit to more consumers, but some critics feel the technology can feed into existing discrimination and bias that applicants face.

Listing inventory is returning to levels not seen since before the pandemic, but building material shortages and supply chain issues continue to have an impact on new construction.

Automating rent-based underwriting for single-family loans and offering incentives for multifamily borrowers who accept housing vouchers are just two ways Fannie Mae and Freddie Mac are tackling the challenge of equitable housing.

NMN rounds up the latest technology launches and partnerships between fintechs and lenders.