Memo

Cybermortgages are out --But dotcom designer discounts are in --Temps are just that

MORTGAGES? NAH...

For years experts have predicted that one of the products that would naturally gravitate to the Internet would be home mortgages. Unlike various other kinds of merchandise, they don't need to be tried on, smelled, tasted or prodded to determine how good they are or whether they fit. That is turning out not to be the case...so far. Americans still seem reluctant to double-click themselves into six-figure financial commitments. Though prospective borrowers are happy enough to do their research by computer, just 21% of folks polled for the 1999 Fannie Mae National Housing Survey said they would definitely or...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!