Senate introduces legislation to modernize the national housing act

MISMO approves PDF developmentMortgagePress.comAdobe Acrobat MISMO has reported that its eMortgage Workgroup has unanimously passed a motion to develop implementation guidance for creating electronically signed PDF documents, using the Adobe PDF 1.6 specification. MISMO has been involved since 2001 in developing open, voluntary, consensus-based standards and industry guidance for the implementation of electronic mortgages. In recent months, the eMortgage Workgroup and MISMO have been exploring the business, technical and licensing ramifications of developing implementation guidance for standardized e-documents based on the PDF specifications that Adobe Systems Inc. maintains and publishes. Some Adobe specifications have already been incorporated into the standards of other standards-setting bodies. The intent of this motion was to develop guidance that focused on standardized e-signatures and document formatting (e.g., fonts and layout) and not on e-documents that contain a View mapping to a Data payload. In other words, the motion was intended to focus on PDF e-documents, as they are being used in the industry today, and not a View/Data structure that duplicates the functionality of a Category One SMART Doc form. When Adobe publishes its worldwide patent license letter for the Adobe Intelligent Document Format, the workgroup will revisit the question of providing implementation guidance for that technology. For more information, visit www.mismo.org.