The Department of Housing and Urban Development's inspector general notes soaring inflation and a rapid increase in interest rates as factors negatively impacting nonbanks and heightening risk for the government guarantor.

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.

Also, Wells Fargo, Finance of America entered into partnerships affecting real estate tax and cybersecurity solutions.

Experts across the financial services space hold that the White House's new mandates won't bring wholly new rules to the industry, but will hopefully explain what the path forward for governing agencies will look like.

At least two legal actions have been filed in a Texas federal court.

While it can also be used to obtain mortgage and other product information, the app features teaming personal wellbeing content from Dr. Deepak Chopra.

Mike Cagney, the fintech's CEO, said Tuesday the project came about in reaction to an industry need for a private capital market.

The firm says the product can save companies in excess of 30% of their existing cost structure.

Some of the lender's servicing systems continue to be shutdown as of Wednesday.

In light of the shift over the past few years, most companies in the space have refocused on their long-term strategy, which includes optimizing technology infrastructure and providing a superior customer experience, write leaders from SimpleNexus and nCino.

The fintech rolled out a Lending-as-a-Service (LaaS) platform, which gives lenders access to its system. The first mortgage shop to sign up is Guaranteed Rate.

As insurers automate more aspects of the insurance experience, it expands how services are provided and priced for policyholders.

The newly merged ICE Mortgage Technology entered into agreements with two companies this week to facilitate closings and income verification.