Refinancing

On April 13th, a new research report from the Mortgage Bankers Association (MBA) showed that mortgage lending businesses of American banks are experiencing their first ever losses.

On March 14, X2Y2 announced that it had started to charge management fees for NFT loans and refinancing, which would take effect on March 14. Specifically, each NFT loan will charge the lender 10% interest as the platform fee, and each refinancing will charge the borrower 0.2% of the principal as the service fee. X2Y2 has started to charge management fees for NFT loans and refinancing Analysis based on this information:X2Y2, a leading NFT (non-fungible token) lending and trading platform, has revealed that it will now start charging management fees for NFT loans and refinancing. The decision, which was made public on March 14, has been implemented with immediate effect. Under the new fee structure announced by the platform, each NFT loan will charge a lender a 10% interest fee as a platform fee, and each refinancing will charge the borrower 0.2% of the principal as a service fee. NFT loans are becoming increasingly popular among investors and traders, as…