MISMO® Statement on Ginnie Mae and Federal Home Loan Banks of Dallas and Des Moines Accepting eNotes as Collateral
Mortgage Bankers Association
"MISMO commends and supports recent moves by Ginnie Mae and the Federal Home Loan Banks of Dallas and Des Moines to begin accepting residential mortgage electronic promissory notes - eNotes - as collateral. These eNote implementations are based on the MISMO SMART Doc® specification that is deployed across the mortgage industry. These developments help advance digital mortgage adoption as most lenders will be able to use eNotes and access additional sources of liquidity for the majority of their loans... Read More Here!