More Standards, a Few Milestones May Make 2006 the Year eMortgages Begin to Take Root
January 26, 2006
Despite several years of intelligent design being thrown at it, the all-electronic mortgage has evolved at a very deliberate pace. Boosters of the so-called eMortgage say recent events may help accelerate a concept that promises significant productivity gains in a market that prizes efficiency. Wells Fargo’s delivery of its first eMortgage to Freddie Mac last week is being hailed as a milestone that will jumpstart the era of paperless mortgages. Indeed, all the technology pieces…
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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