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The top five cities have an average down payment of $181,282.

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.

Regulatory changes and a dearth of existing new inventory is opening a pipeline of leads in the market, but interest rate pressure cuts into optimism.

The top five cities have an average down payment of $51,920.

Also, lenders Click n' Close, Lower add c-level executives, Southern Bancorp embarks on expansion of mortgage division and Formfree finds new director of marketing.

Earnings benefited from low delinquencies and slow prepayment speeds, but high rates will limit growth opportunities.

The top five cities have an average median residential price per square foot of $148.

The top five cities have an average median residential price per square foot of $654.

"It's this tough market that's going to build the greatest leaders of our industry, which we will see come forward over the years to come," said the FHA's former commissioner.

The top five servicers that are depositories have a combined unpaid principal balance of more than $1.89 trillion at the end of Q2 2023.