{"id":27690,"date":"2026-05-06T09:39:03","date_gmt":"2026-05-06T09:39:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/figure-targets-fannie-and-freddie-with-cheaper-mortgage-tech\/"},"modified":"2026-05-06T09:39:17","modified_gmt":"2026-05-06T09:39:17","slug":"figure-targets-fannie-and-freddie-with-cheaper-mortgage-tech","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/figure-targets-fannie-and-freddie-with-cheaper-mortgage-tech\/","title":{"rendered":"Figure targets Fannie and Freddie with cheaper mortgage tech"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Figure Technology Solutions is moving deeper into the U.S. mortgage market with a plan to challenge <strong>Fannie Mae and Freddie Mac<\/strong> in first-lien loans.<\/strong><\/p>\n<div id=\"cn-block-summary-block_82d2bf44d27ed89d55312df898bb2dda\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Figure says blockchain can cut mortgage origination costs from $11,000 to about $1,000 per loan.<\/li>\n<li>The firm targets sub-$300,000 loans, where traditional mortgage fees can weigh heavily on borrowers.<\/li>\n<li>Figure\u2019s push comes as Coinbase and Better prepare crypto-backed mortgage products tied to Fannie Mae.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Speaking at Consensus Miami, a conference <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coindesk.com\/business\/2026\/05\/05\/figure-targets-fannie-mae-and-freddie-mac-in-mortgage-push-citing-massive-cost-cuts-for-borrowers\" target=\"_blank\" rel=\"nofollow\">hosted<\/a> by CoinDesk, Figure CEO Mike Cagney said the firm can cut mortgage origination costs from about $11,000 through the government-sponsored enterprise channel to about $1,000 on its blockchain platform.<\/p>\n<p>Figure is focusing on the sub-$300,000 mortgage segment. Cagney said that market is less attractive under the current Fannie Mae and Freddie Mac cost structure, where fixed fees can weigh more heavily on smaller loans.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The company says its system gives originators a guaranteed buyer for loans, similar to the role Fannie and Freddie play in the traditional market. That model could help lenders move loans faster without holding them for long periods.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Speed remains central to Figure\u2019s pitch<\/strong><\/h2>\n<p>Figure says its home equity line of credit process can approve applications in five minutes and fund loans in three days. That compares with a common industry timeline of 30 to 45 days.<\/p>\n<p>The company\u2019s April operating update <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/investors.figure.com\/news-releases\/news-release-details\/figure-technology-solutions-reports-april-2026-operating-data?utm_source=chatgpt.com\" target=\"_blank\">showed<\/a> consumer loan marketplace volume of $1.34 billion, up 12% from March and 108% from April 2025. The data shows Figure\u2019s lending marketplace grew before Cagney\u2019s latest mortgage push.<\/p>\n<p>Additionally, Cagney also said Figure\u2019s HELOC tokens rank among the largest crypto assets on a public blockchain by market value. However, that claim faces debate over what should count as \u201conchain.\u201d<\/p>\n<p>DeFiLlama founder 0xngmi has <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/0xngmi\/status\/1966798227870556567\" target=\"_blank\" rel=\"nofollow\">questioned<\/a> Figure\u2019s claimed tokenized real-world asset value, saying much of it is not visible in a way DeFi trackers can verify. DeFiLlama has tracked Figure\u2019s TVL at a far lower level than the company\u2019s larger RWA claims.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Figure expands tokenized asset strategy<\/strong><\/h2>\n<p>The mortgage plan builds on Figure\u2019s broader push into blockchain-based capital markets. As previously covered, Figure launched OPEN Network for on-chain stock issuance and planned to list its own equity on the platform.<\/p>\n<p>In another related update, Animoca Brands and Provenance Blockchain Labs said they would build NUVA, a real-world asset vault marketplace. The planned vaults include Figure-backed HELOC products and the YLDS stablecoin.<\/p>\n<p>Figure is also moving toward a marketplace model. Cagney said contribution margins rose from 30% to 55% in 2025, with a target of 80% to 85% over the next one to two years. The firm is also in talks with Consensys\u2019 MetaMask to integrate Democratized Prime, its DeFi lending protocol for onchain mortgage and auto collateral.<\/p>\n<p>The push comes as crypto-linked mortgage products gain attention. A recent report noted that Coinbase and Better Home &amp; Finance are preparing a mortgage product tied to Fannie Mae-backed loans. The structure would let some buyers pledge crypto holdings as collateral instead of selling them before closing.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Figure Technology Solutions is moving deeper into the U.S. mortgage market with a plan to challenge Fannie Mae and Freddie Mac in first-lien loans. Summary Figure says blockchain can cut&hellip;<\/p>\n","protected":false},"author":1,"featured_media":24488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27690"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27690\/revisions"}],"predecessor-version":[{"id":27691,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27690\/revisions\/27691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/24488"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}