Lessons from the tech boom-bust: overpromise and overspend, and you will likely overreact. (Executive Suite).

Mortgage Banking,  March, 2003  

Tags: Amazon.com Inc., CDNow, IPO

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FOR A WHILE IN THE 1990S, WE FORGOT that the mortgage industry doesn't move at the same breakneck speed as consumer electronics, the computer chip sector or online sales of books and CDs. A number of mortgage industry dotcoms hit the Web amid fanfare and with the backing of venture capital.

Today, most of those portals continue to exist, but not with the same owners and, in many cases, not with the same mission. Gone are the venture capitalists (VCs) and all the promises that most consumers will soon be buying homes and financing them online by 2010. Our industry, perhaps, was ...

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