drew

what are finance nerds who aren't in crypto excited about these days?

Release of FedNow has the potential to (finally) cut out payments intermediaries Continued passive revolution/decline of the RIA industry saving a ton of investor money Memx possibly shaking up equities exchanges Increased use of consumer loan aggregators driving rates lower

Automation of the mortgage underwriting and homebuying process cutting significant costs out of the value chain Potential reform of accredited investor rules could open up alts to a broader audience (doubtful but possible) More ETFs supporting liquid markets for illiquid assets

@garybasin re mortgages tell me about this ETF thing tho?

Not really sure how it would significantly impact mortgage. What are your thoughts Drew?

Oh I see. I think this stuff is a factor but not really the core problem. Many mortgage players have tried to vertically integrate