The neobank expects to turn a profit by the end of the year, but faces challenges as it copes with the government's pause on federal student loan repayment and with the difficulty of selling technology services to other businesses.

Mortgage lender's brokerage spinoff launches with more than 50 carriers.

While finding investors will likely be more difficult, the long-term outlook remains solid for more established companies, industry experts say.

Companies like U.S. Bancorp have found ways to apply the information they use to serve thin-file applicants to small-business owners and other borrowers.

The company reported its seventh consecutive quarter of record adjusted net revenue.

While mortgage and real estate startups currently face a challenging environment in seeking investors, some companies are finding venture capital.

As challenges will persist in the year ahead, the industry still plans on development, growth and new technology

A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.

The seed round was led by Conversion Capital and also includes backing from Blend, Zillow and Figure.

The New York-based startups also undertook large headcount reductions in the spring.

The platform allows homeowners to pay for their mortgage and recommends other home services of value.

The New York-based software provider will provide post-closing quality control and quality assurance reviews.

The New York-based company announced it will use ACES' quality management and control software.

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."

A new group called MoreThanFair aims to establish the lines between fair and unfair lending, to set best practices for the use of AI in lending and to lessen the stigma of fintech lenders.

The Consumer Bankers Association and the Center for Responsible Lending said the Consumer Financial Protection Bureau should renew its efforts to level the regulatory playing field between larger bank and nonbank companies that make installment and other kinds of personal loans.

The San Francisco-based company recently raised $14 million in Series A funding and closed more than $400 million in sales in the first quarter.

The commission alleged that the company falsely told customers that they would make more money by selling to the company than it would on the open market.

The use of rent data in credit models is allowing people with low credit scores or thin credit files to get loans. But consumer advocates warn the use of that data could harm the very people it’s supposed to help. 

The company’s introduction of other strategic initiatives, including a new technology partnership, will lead to the elimination of 17% of current staff.