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Article: National Mortgage News: Buying & Selling Mortgages Online:: Online Balancing act: Special Report.
- Article from:
- National Mortgage News
- Article date:
- August 13, 2001
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Buying and selling closed mortgage loans over the Internet seems like a no-brainer. There is an incredible volume of information that must be traded among the parties involved in these transactions. In the real world, it can amount to reams of paper and stacks of detailed analysis. But in cyberspace, it's just so many ones and zeroes.
But firms working in this area are finding that it can prove difficult to woo investors who are looking to spend millions of dollars on pools of loans that are not guaranteed to be homogenous product and may contain hidden bombs in the form of higher-than-anticipated delinquencies or foreclosure activity. And we haven't even started ...