Blockchain

Real-world use of the shared, immutable databases has become increasingly centered on piecemeal implementation in industry processes, which can be executed without waiting for broader technology reforms.

The ledger technology can make artificial intelligence systems more transparent, some industry stakeholders say.

The transaction is the second of its kind in the past six months and comes as the mortgage leaders take steps to develop document standardization that would ease electronic closings and trading of the home equity loans.

Last year, the company appeared to be on track to raise $300 million but has since reduced its target by two-thirds. 

 Lenders can utilize blockchain technology to originate fully digital, tokenized mortgage assets on the chain. How does it work, and how can mortgage companies benefit from integrating with this technology?

The single-family house, located in South Carolina, was sold to an investor for $176,200 last month.

The partnership is starting off small but ultimately aims to sell real estate through non-fungible tokens on a broader scale than others have in the past.

Angel Oak Capital Advisors has helped institutional clients buy subordinated debt with the assistance of a distributed ledger developed by Brightvine. Benefits to the issuer and investors include a central place to find all documents and automated updates when banks pay off their loans.

The Federal Housing Finance Agency's new office will assess technology solutions for an industry viewed by many as too slow to embrace digital efficiencies.

The initial roll-out is in Arizona, Colorado and Florida, but the company plans to offer the capabilities nationwide over the next 24 months.