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Fannie Mae: Tech companies threaten to edge banks out of the mortgage market 

In the era of the digital mortgage, banks are facing increased competition from big tech companies looking to flex their muscles in the financial services realm, and they may need to invest more deeply in tech to stay on top. According to a blog from Fannie Mae, banks need to “step up their digital game” and figure out how to streamline financial tasks to enhance the customer experience before big tech beats them to it.