Why Are Mortgage Lenders Still Clinging To Their Precious Paper?

March 24, 2016

MortgageOrb, Mar. 23, 2016--Barnard, Patrick

Although several U.S. banks, along with Fannie Mae and Freddie Mac, now accept e-notes (and, hence, e-mortgages), only about 350,000 fully electronic e-mortgages have been executed on the Mortgage Electronic Registry Systems system so far, which is not a great deal of adoption considering how long e-notes have been around.

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