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NY Fed Shares Data on Fintech Mortgages
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NY Fed Shares Data on Fintech Mortgages

NY Fed Shares Data on Fintech Mortgages

Fintech Nexus Staff·
FintechNews RoundupUSA
·Feb. 23, 2018·1 min read

According to a New York Federal Reserve report, online mortgage lenders approve loans faster, experience fewer defaults and encourage more refinancing; not surprisingly they are also able to respond to customers as demands shift; the report studied banks and fintechs to better understand the market; lending from fintechs has grown by 30% annually since 2010, from $34 billion to $161 billion, representing 8% of the market. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at editors@fintechnexus.com

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