The metaverse financing space is heating up, with major platforms handling hundreds of millions of dollars in “land” transactions last year. Whether mortgage companies should stick a toe in the water is an open question with plenty of risks and potential rewards.
Residential mortgage lenders are trimming their workforce but at a very slow pace, which could lead to serious losses in the second half of the year, according to industry consultant David Lykken.
Although CFPB Director Rohit Chopra’s tenure so far has been unusually quiet on the mortgage front, industry attorneys and executives said other actions indicate there’s enforcement on the horizon.