Finally, Wall Street appears poised to go electronic with mortgage securitization.

In recent years those involved in mortgage origination have pushed hard to create what until now has seemed impossible: the one-week mortgage (American Banker, Nov. 29). Secondary market buyers such as Fannie Mae and Freddie Mac, lenders such as Countrywide Credit Industries, and Internet companies like, are working to make every piece of the origination business, from appraisal to tax filing, accessible within minutes.

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