The US mortgage and services market is a multi-trillion-dollar sector that, until recently, was a forgotten arena for large-scale innovation. Mortgage innovation has lagged other sectors because of high regulatory burdens and a highly consolidated market of the historically poorest innovators: banks. Add to that the inertia that comes from decades of consumers forced through a complex web of providers and high, often opaque, costs.

So, what could change large-scale inertia and big incumbent players with high walls of defense? In a word, tech. I worked with a systems engineer who once said, “Technology is like a leaking pen in a white shirt pocket. It will bleed through and change everything.”

This content is for HW+ members. Join today! Already a member? log in

Most Popular Articles

Are mortgage rates about to hit an all-time low?

The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content

Feb 25, 2020 By

Latest Articles

Has Bloomberg gotten anything right about housing?

In this week’s column, HousingWire Columnist Logan Mohtashami responds to presidential candidate Mike Bloomberg’s comments on the financial crisis, providing his own view on how the market crashed and how to keep it from ever happening again.

Feb 26, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please