This means a higher cost of lending, if lenders even wish to originate mortgages in communities that are authorized to take them away. (nar.realtor)
That's largely due to differences in regulations and the underlying cost of lending among states. (mortgageloan.com)
«It's not that [cooperatives] don't want to serve these people, it's just that it's unprofitable for them to do so,» explained Brad Chun, CTO of Moeda, arguing that blockchain allows for easier auditability and more operational efficiencies that ultimately translate to a lower cost of lending than traditional service providers using centralized databases are able to offer. (coindesk.com)