Spending for Internet-based mortgage loan services will exceed $525 million in the year 2000, according to a new study by Killen & Associates, Palo Alto, Calif. The dominant share of the spending will occur in the U.S., where mortgage services are far ahead of those in other nations, the study says.Titled "Loans Over the Internet: New Opportunities and Threats," the study also found that only about 20% of banks worldwide will offer Web-based mortgage services by 2000, but that the number will triple by 2005. Killen and Associates' website address is http://www.killen.com.
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