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2024-10-29 Meeting notes
2024-10-29 Meeting notes
Date
Oct 29, 2024
Participants
@Elisa Kendall
@John Gemski
@Pete Rivett
Discussion
Today we continued discussion around clean up of loans. There is a kind of mortgage in the UK that acts similarly to a HELOC, in that you can draw down money and pay it back, essentially an open end credit mortgage. More about that is available at https://en.wikipedia.org/wiki/The_One_account#:%7E:text=The%20One%20account%20is%20British,be%20supported%20for%20existing%20clients, and https://en.wikipedia.org/wiki/Flexible_mortgage.
We agreed to release the latest update to the mortgages ontology and continue our efforts in cleaning up construction loans over the course of the coming week.