Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
Estimated reading time: 0 minutes, 21 seconds
As part of a plan to close the racial wealth gap, Citigroup has announced that it plans to invest in digital mortgage technology. So reports Bloomberg.
The move arrived as Citigroup said it processed a lower rate of applications and originations for Black and Hispanic homeowners in 2020, despite an increase for Asian consumers.
Citigroup has promised $550 million to bolster homeownership for people of color.
