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The online lender approved Black applicants at lower rates than non-Hispanic whites, according to a law firm that monitors its artificial intelligence models. Upstart said it's an industry leader in fair lending but acknowledged room for improvement, calling disparities "an industry-wide challenge."

Mortgage rate shock and increased choice continued to drive more than 15% of homebuyers to back out of deals in the latest month's numbers.

Bob Meara is principal analyst at Celent.

A new proposal calls for systemically important transaction clearing firms to update their practices on handling risks related to cyberattacks and climate change.

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

From lead generation to automated appraisals, the role of digital tools in the home lending process is greater than ever, but amid increased cyberattacks, most mortgage firms have much further to go with its adoption.

These refinance transactions are being driven by the homeowner's need for cash, according to Black Knight

The month ended with 54,000 less properties for which the borrower was at least 30 days or more late on their payments, Black Knight said.

Liz Kolar, MBA, CPA, CGMA, is executive vice president for Surgent Accounting & Financial Education. She brings over 35 years of accounting industry and professional education experience to her role at Surgent where she drives and oversees the ongoing expansion of accounting and financial services exam prep and continuing education offerings. Prior to Surgent, Kolar founded and led Pinnacle CPA Review, which was later acquired by Surgent. She began her career in public accounting with Coopers & Lybrand, where she audited financial services clients. She has served as a professor, teaching graduate and undergraduate accounting courses. She earned her MBA in public accounting from Pace University. She is a member of the PICPA and the AICPA.