Courtney Hoff Dockerty
Writer, Growth ContentCourtney Hoff Dockerty is a writer for Growth Content at Arizent.
Courtney Hoff Dockerty is a writer for Growth Content at Arizent.
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.