Tag: Financial Technology
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Fannie Mae Was Going to Save Mortgage Borrowers Thousands by Dropping Its Title Insurance Requirement. Never Mind.
The Biden administration was working with loan backers to delete title insurance charges from closing costs. The move would have saved quite a few home buyers hundreds or even thousands of dollars. Noting that the plan had been silently scuttled, the Wall Street Journal said pressure against it came from “an obscure industry.” The obscure…
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Digital Real Estate Titles? Watch What Wall Street Says About Blockchain
Some of Wall Street’s biggest banks — Goldman Sachs, JPMorgan Chase, the list goes on — are quietly integrating blockchain, the technology that spawned bitcoin, into their businesses. In fact, Wall Street firms have been experimenting with blockchain for years. Regardless of what bitcoin does, blockchain technology will flourish. Tom Farley, ex-president of the New…
