Mortgage assignments - headed for extinction?

Mortgage BankingVol. 53 Nbr. 10, July 1993

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Mortgage assignments - headed for extinction?

It won't happen tomorrow, and it won't happen next week or even next year. But in the not too distant future, paper mortgage assignments may become as common as dinosaurs--outside Jurassic Park.

The Mortgage Bankers Association of America (MBA) in conjunction with Fannie Mae and Freddie Mac is exploring "New Age Delivery." The phrase represents a proposal for grounding the mortgage note for the life...

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