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Tariffs and data center growth raise new risks for mortgage lenders
Mortgage News Daily says more than 3,000 data centers already exist in the U.S., with another 1,500 in development, while new Canada-linked tariffs could affect construction materials used in housing.
Mortgage News Daily points to a new round of tariffs tied to Canada, noting that while some Canadian-sourced building inputs already face tariffs, additional measures could affect materials such as cement, doors, heating and ventilation equipment, glass, and plywood products. The report frames the potential impact for homebuilders and lenders that finance them as part of an evolving construction cost and availability backdrop.
The outlet also links the housing market to a separate, fast-growing construction trend, saying the U.S. has more than 3,000 data centers and another 1,500 under development, according to a Pew Research Center analysis. It adds that property and land are increasingly being taken for these projects using eminent domain, highlighting a renewed intersection of government action, law, and lending.
Mortgage News Daily further discusses tools and processes for mortgage operations, including Truework, a Checkr company, which positions its platform as an automated way to handle income, employment, and asset verification. The outlet says lenders can see up to 50 percent cost savings on verifications, along with faster turn times and higher accuracy.
Finally, the piece warns that mortgage lenders taking a shallow “AI-first” approach may face existential risk if they do not meaningfully change operations, arguing that simply automating minor steps or swapping software will not be enough. It also mentions potential updates to RESPA and ongoing mortgage litigation as themes in its Mortgage Matters segment.