Technology

Figure targets Fannie Mae and Freddie Mac in mortgage push, citing massive cost cuts for borrowers

Technology

Figure targets Fannie Mae and Freddie Mac in mortgage push, citing massive cost cuts for borrowers

Figure Technologies is targeting government-sponsored enterprises Fannie Mae and Freddie Mac as part of its blockchain-based mortgage initiative, promising significant cost reductions for borrowers. The fintech company claims its platform can deliver "massive cost cuts" by streamlining the mortgage origination and servicing process through distributed ledger technology. Figure&