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Inflation cools to 2.4%, bolstering Fed’s cautious rate outlook

Key Insight: Inflation showed signs of cooling in January, with the annual inflation rate dropping to 2.4%. Supporting data: Prices excluding food and fuel rose 0.3% in January, while food increased 0.2% and energy prices ticked down by 1.5%, the report found. Forward look: The January inflation reading remains slightly above the Fed’s longstanding 2% […]

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Three moves lenders should take now to stay ahead of AI regulation

Mortgage lenders don’t have the luxury of waiting for AI regulations to settle. While states and Washington spar over who sets the rules, lenders remain fully accountable for how artificial intelligence is used in underwriting, servicing, marketing and fraud detection. The question is no longer if AI will be regulated; it’s whether lenders are ready

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