Technology

Fannie Mae is increasing the maximum debt-to-income ratio it will allow on purchased loans to 50% from 45% on single-family loans when it rolls out its latest version of Desktop Underwriter on July 29.

U.S. Bank has begun using Einstein, Salesforce’s AI software, to give front-line staff insights into customer activity and recommendations. Other banks are likely to add similar tools.

The marketplace lender's application for an industrial bank charter is under fire from small banks and progressives, who say it could violate the barrier between banking and commerce and shut out middle-class and lower-income consumers.

From automated applications that borrowers can complete on their own, to data-mapping that speeds up the underwriting process, here's a look at strategies that can help lenders close loans faster.

Total bonuses paid to assistants, processors, closers and managers have been rising as lender retention and merger activity have heated up.

Tech-savvy mortgage broker Sindeo is back in business, following an acquisition by Renren, a Chinese social media company and an investor in U.S.-based fintech firms including Social Finance and LendingHome.

It's not only regulation that is hurting profitability, but also banks' failure to adapt to the internet age, according to a recent study.

Fannie Mae and Freddie Mac's efforts to provide representation and warranty relief to lenders that perform automated data validations before loans close will improve mortgage credit risk assessment and lower costs for lenders and borrowers.

The shuttering of tech-savvy mortgage broker Sindeo reflects the challenges of operating during a period of weak volume in a difficult originations channel, not its embrace of digital mortgages.

If you borrowed to buy your home, chances are TheNumber knows a good deal about you.