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Mortgage Lenders View Blockchain Warily: Survey

Despite blockchain’s growing presence in the financial services sector, most mortgage lenders still aren’t familiar with the technology that powers cryptocurrencies like Bitcoin. That’s according to a new survey by Fannie Mae.

blockchain 3448502 640smallAccording to Fannie Mae’s Mortgage Lender Sentiment Survey, just 25% of lenders said they were familiar with the technology and its potential use in the mortgage industry.

Although cryptocurrencies are perhaps the most widely publicized application of blockchain, just 31% of lenders said they believe mortgage companies will probably accept crypto as consumer loan payments in the next three years.

Read more about the survey from Fannie Mae,

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