HousingWire asked past Tech Trendsetter honorees about the biggest tech transformations they’ve witnessed and where companies in mortgage and real estate should focus their energy in 2024. Their unanimous answer: artificial intelligence (AI) is revolutionizing how the industry works, from boosting productivity to streamlining operations. Dive into their insights on how AI is reshaping the…
"September 2024" Archives
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Michael Barr, the Federal Reserve‘s vice chair for supervision, on Tuesday spoke at the Brookings Institution in Washington, D.C., about the 2023 Basel III Endgame proposal, which would modify risk-based capital requirements for large banks. Following an extensive review process that included stakeholder comments in the intervening time — including what Barr called “productive meetings…
The U.S. Department of Housing and Urban Development (HUD) this week established Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs) for the Low-Income Housing Tax Credit program in 2025. These parameters are set by HUD for specific locations within each state and can impact the amount of tax credits for projects to make funding…
Mortgage capital markets technology firm Polly has raised $25 million to invest in research and development, product innovation and expansion, the company said on Tuesday. 8VC led the latest equity investment with participation from existing investors Menlo Ventures, Meritech, Khosla Ventures and Fifth Wall. Polly has increased its locked loan volume by more than 150%…