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HUD issues Fair Housing Act guidance on AI use

Housing Wire

Department of Housing and Urban Development (HUD) on Thursday announced new guidelines that aim to apply the provisions of the Fair Housing Act to the use of generative artificial intelligence (AI) in the realm of housing. The meteoric rise of generative AI technology has created several concerns in the housing and mortgage industries.

Tenants 343
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Xactus names chief operating officer

Housing Wire

Mortgage technology firm Xactus named Michael Crockett as its chief operating officer. In his expanded role, Crockett will guide day-to-day operations and key departments at Xactus, including credit, verifications and tenant screening. He previously served as the company’s chief data officer.

Tenants 313
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Pennymac pulls back on 2021 plan to hire 300+ workers in North Carolina

Housing Wire

“Unfortunately, we do not see this change taking place within the base period or extended base period of the Community Economic Development Agreement (CEDA),” Allen noted. The current project location is still operational and occupied by key information technology teams and senior leaders. million over the course of 12 years.

Investing 294
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RentSpree launches a new rent reporting feature

Housing Wire

“So this feature is going to benefit those who are already punctual while encouraging others to develop greater consistency. In October 2022 , JPMorgan Chase launched a platform that automates the invoicing and receipt of online rent payments, serving property owners, managers and tenants. It’s a win-win.”

Tenants 377
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6 Mixed-Use Development Trends Embracing The Jetsons’ Lifestyle [2021]

The Robert Weiler Company

Mixed-use development in 2021 may not resemble Orbit City, but commercial builders, architects, and real estate investors are undoubtedly re-engineering the proximity of your personal and professional orbit. This type of development provides the “live, work, play, gather” atmosphere in a convenient manner.

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RentSpree achieves SOC 2 compliance 

Housing Wire

Developed by the American Institute of Certified Public Accountants , the SOC 2 Type II audit examines a company’s controls related to security, availability, processing integrity, confidentiality and privacy. SOC 2 is regarded as the premier data security standard for Software as a Service (SaaS) providers.

Tenants 355
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Redwood Trust reveals five new VC deals

Housing Wire

Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals. To date, RWT Horizons has made 21 investments in 18 companies. Oasis Pro Markets , a U.S.-regulated

Investing 338