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Home » Store » News » Fannie Mae Unveils Formal Requirements for Buying Electronic Mortgages

Fannie Mae Unveils Formal Requirements for Buying Electronic Mortgages

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Fannie Mae announced last week formal requirements to help lenders create, sell and deliver e-mortgages to the government-sponsored enterprise. According to Robert Engelstad, senior vice president at Fannie Mae, the GSE is now ready to purchase loans that meet the legal, technological and operational requirements necessary to create valid and enforceable e-mortgages. The promissory note and other documents accompanying an e-mortgage, such as the security instrument
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