Banks used to be #places where customers went to cash checks and apply for #mortgages, among other things.

These subprime #mortgages were packaged into complex financial #instruments and sold to investors as high-yielding securities, ultimately leading to a collapse in the housing market.

He claims that if #mortgages undergo “double tokenization,” with mortgage tokens #wrapped inside of a larger token to create a tokenized mortgage-backed security,

“The reason why the #financial crisis happened [is] because they couldn’t observe and they couldn’t verify that none of these payers in Florida that picked up all these #mortgages were not paying

One way to tokenize #mortgages would be to create a PDF file of a term sheet, then put a hash of that file into a #token contract. 

However, he claimed that #developers need to be careful with how they tokenize #mortgages in particular

#Mortgages, #rates will rise again:  this is how the race for subrogations begins

#Mortgages, #rates will rise again:  this is how the race for subrogations begins

Relief checks live updates: COLA 2023, #mortgages, social security payments, housing #market, disability