| and the elimination of it matches some states' usage. This allows the banks to quickly relend the money to other borrowers finance mortgage process in the form of mortgages) and thereby to create more mortgages than the banks could with the amount they finance mortgage process on deposit. This in turn allows the public to use these mortgages to purchase homes, something the government wishes to encourage. The investors, meanwhile, gain low-risk income at a higher interest rate (essentially the mortgage rate, minus the cuts of the bank and GSE) than they could gain from most other bonds. eMortgages are electronic mortgages made legally enforceable by Electronic finance mortgage process in Global and National Commerce Act and the Uniform Electronic Transactions Act. |
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