Mortgage technology

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.

The online lender, which focuses on high-earning millennials, is offering assurances that it will also serve Americans who make less money. But the company has not convinced critics, who say the plans are inadequate.

The Federal Housing Administration needs additional funds to replace a 1960s-era computer operating system and make other necessary tech updates.

The industry expects to lean on technological efficiencies this year as higher rates and dwindling refinances test their businesses.

Experian and Finicity have released a product that aims to speed up decisions on mortgage applications, using financial data aggregation technology.