Fed to Banks: We’re Checking for AI Bias
If historical lending records have systemic bias, how can artificial intelligence (AI) digest that data yet also avoid past mistakes and “algorithmic discrimination”?
Renters Need Flood Insurance Too
While homeowners know flood insurance is a separate type of coverage, many tenants incorrectly think flooding is covered by their renters’ insurance or their landlord.
Mortgage Rates Rise to 7.23% – Highest Since June 2001
Increases may continue. “Ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” says Freddie Mac’s chief economist.
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