A Senate Banking subcommittee last week heard testimony on the pros and cons of using artificial intelligence in the housing industry.

The CFPB and three other federal agencies issued a statement highlighting concerns about bias in automated systems. The CFPB is particularly concerned about home valuations, lending and marketing.

At the direction of the Federal Housing Finance Agency, Fannie and Freddie tweaked their efforts to address equity issues for minority homebuyers and renters.

New Zealand researchers find that analysis of a borrower’s digital footprint improves loan performance and reduces discrimination.