Archive for January, 2011

X Sign Online

January 19th, 2011 No comments

Lately, been hearing a lot of questions about e-Signatures and, in particular, the appearance of the e-Signature affixed to the document. There are a few competitors that add to the confusion by offering such solutions that require a person to sign by using a mouse, another has the signer actually select a sample ‘script’ signature and of course, the old standard signing pad. We have been pioneering e-Signatures since the late 90′s and I can say all of these proesses just add to the friction that we’re all trying to eliminate. None of these methods hold any more legal weight than a simple ‘type in name’ scenario, without all the uneccessary steps and/or hardware.

If you ever watched an old movie where someone was laying in a hospital bed and was requested to affix their ‘X’ on the dotted line. That was legal ceremony because the signature has very little to do with the signature apperance but goes to more of the signer’s actual ‘intent’ to sign. So in our eSign environment, under the hood if you will, we actually capture electronic ‘snap shots’ of each and every event/step that the signer makes and stores these individual actions into a secure tamper evident audit journal – proving intent.

By now, unless you live in a cave, you have already e-Signed your name at you local grocer or Home Depot- question, have you ever once seen that signature match your actual handwritten ‘wet’ signature? Didn’t think so. So we continue to hear the stories of pushback and “that doesn’t look like my signature let me try again (and again)”. Don’t be confused by these systems, unfortunately, they are just delaying adoption of this Game Changing technology.

Next time you make a purchase try signing with an X – I’m certain you’ll be surprised!


Home Sales Gains Seen – WSJ

January 17th, 2011 No comments

From the Wall St Journal:

  • JANUARY 13, 2011

    ORLANDO, Fla.—Housing economists expect the troubled residential market to begin picking up in 2011, with low mortgage rates and bargain home prices boosting sales in the spring selling season. The economists, who delivered their forecasts on a panel at the National Association of Home Builders’ annual meeting here, noted the market remains extremely weak, prices are still falling, and they don’t expect any recovery to be robust. But they said a number of recent economic indicators have convinced them that housing sales, which have stalled lately, could soon begin to recover.

     The economy is creating new jobs, holiday sales came in better than expected, and sales of cars and furniture have improved, noted David Crowe, chief economist for the NAHB. Those trends, he said, are “signifying growing consumer confidence.”

     After years of abysmal construction and sales activity, Mr. Crowe expects builders to start construction on 575,000 single-family homes this year, up 21% from last year. That would still be far below the 2005 peak of 1.7 million housing starts.

     The NAHB also expects new home sales to hit 405,000, up 26% from 2010, as buyers who delayed purchases ink deals.

     To be sure, the outlook for 2010 at last year’s conference proved much too optimistic. At that time, the NAHB economist saw 610,000 single-family starts for 2010. The actual count, which isn’t yet final, is expected to come in at 475,000.

     But Mr. Crowe says this year will be better as more jobs are filled and more buyers leave the sidelines. “Consumers are finally willing to go forward,” he said.

     The outlook for home prices is less upbeat. Freddie Mac Chief Economist Frank Nothaft expects home prices to bottom in the first half of this year, and mortgage rates to edge up slightly, ending 2011 closer to 5.25%.

     David Berson, chief economist of mortgage insurer PMI Group, believes prices will weaken further in the next few months, but end the year flat. Next year, he said in an interview, pricing will increase slightly.

     It won’t be until 2013 that there will be long-term sustainable gains at the historical average rate of 3.5%-4%, he said. Mr. Berson missed the panel as a result of weather-related travel problems, but provided his outlook in a phone interview. 

    Many of the 50,000 attendees at this year’s builders conference are also cautiously optimistic, hoping that prices have come down far enough to pull buyers off the fence. ”People now have waited long enough and are tired of waiting,” said Don Eyler, owner of E+R Construction in Indiana. “Right now, you can build a house for the same price as an existing one in some places.”

     Other builders questioned whether they would be in a position to benefit when any upturn occurs. “I’ve been a builder for 44 years,” said Richard Jenkins, owner of R.J. Builders in Terre Haute, Ind. “Indiana has little dips and little valleys, but I’ve never seen anything like this before. In 1982, you could borrow money. You just had to pay the price for it. Now, you can’t.”


    Banks Repossess 1 Million Homes in 2010

    January 13th, 2011 No comments

    NEW YORK –  The bleakest year in the foreclosure crisis has only just begun.

    Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and more will miss payments as they struggle with job losses and loans worth more than their home’s value, industry analysts forecast.

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