Background:
Nine years ago, the federal ESIGN Act passed through the legislative process to become national law. However, some federal and state agencies have been slow to adopt rules and guidelines consistent with ESIGN’s intent to remove barriers to e-commerce. Among these is the U.S. Department of Housing and Urban Development (HUD), resulting in [...]

American Banker, the print publication, recently published an article about the Federal Housing Administration (FHA) and its efforts towards automation. According to the article, the FHA expects to see a 30% increase in industrywide originations in 2009. This increase leads to a greater need to automate and the FHA plans to publish electronic mortgage specifications.  
The [...]