Policy thicket complicates efforts to take lending online

Article Abstract:

Mortgage lenders who are exploring the online origination process are discovering that mortgage-finance regulations written in the pre-Internet era have become a major hindrance to the complete development of online services. Moreover, lenders aiming to compete in the electronic commerce arena are finding out that they need to contend with problematic Internet policy and security issues that transcend industry boundaries. Nonetheless, lenders remain committed to the development of online procedures since experts project that 1/3 of all mortgages may be electronically sourced by 2005.

Laws, regulations and rules

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Online mortgage business puts consumers in driver's seat

Article Abstract:

The growth of the Internet as a commercial medium may well transform the very dynamics of the mortgage-origination process. The Internet can do this because it provides Web-surfing borrowers the tools they need to research the mortgage market anonymously while exploring the financing options that best suit their needs. While the shift to online mortgage transactions will not take place immediately, Internet-driven changes in the relationship between lenders and customers will help redefine the mortgage business in the next decade, driving down intermediation costs along the way.

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Housing markets continue to roll with the good times

Article Abstract:

The buoyancy of the housing market is expected to continue in 1999 and 2000 as the low-interest rate environment encourages more families to buy, sell, refinance or rent a home. Despite the dire predictions of some naysayers, few analysts believe that the US will experience a slowdown, let alone a recession in the near future. Consequently, in 1999 and 2000, the housing sector is expected to match its record-breaking performance in 1998, with strong consumer confidence propelling much of the demand for new homes.

Subdividers and developers, not elsewhere classified, Land Subdivision and Land Development, Housing Developers, Industry Overview, Analysis, Economic aspects, Services, Supply and demand, Housing, Economic policy, Real estate industry, Federal Reserve banks, Business cycles

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