World’s First Crypto Mortgage? Homeowners’ Insurers Don’t Hate It

By | January 26, 2022

  • January 26, 2022 at 11:54 am
    FL Analyst says:
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    Check on your Accounting friends. I have a feeling this change will cause a few of them to have a stroke.

    • January 26, 2022 at 4:03 pm
      FL Analyst says:
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      TBH – I’m still wrapping my head around the concept of people using Crypto to buy every-day items. Personally, I’d be very hesitant to use a crypto to buy a coffee. Will it end up costing me $3 or $30,000? Who knows!

  • January 26, 2022 at 1:23 pm
    Mark says:
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    As long as the mortgage and the HO premiums are paid, then it doesn’t really matter what is backing the mortgage as a secondary security. This is higher risk for the mortgage company but it should not affect the HO market much at all.

    • January 26, 2022 at 4:24 pm
      G says:
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      There is an odd connection of when markets go bad more homes burn down or are vandalized. The home being backed by an unstable market, or at least one that in not understood by most, is something to consider.

  • January 27, 2022 at 1:15 pm
    Augustine says:
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    Most cryptocurrency investors are willing to deal with the high-risk nature of that particular asset class because its returns have been significant despite the risk. I don’t know any crypto investor that would part with a few hundred thousand dollars of any asset so the bank can sit on it and make money. Bitcoin is currently in a bear market right now with most analysts estimating that $20,000 is absolutely rock bottom of this current cycle. Why would anyone allow a lender to hold onto an investment during a bull run so they can miss out on the returns? The vast majority of BC investors are not treating BC as a currency but rather a store of value similar to gold. Bitcoin’s gas fees are far too high to even use as currency right now anyway. None of this makes any sense.



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