Monday, November 27, 2006

Fannie Mae Agrees to Royalty-Free License on '503 Patent

After receiveing considerable heat from the banking industry (see 271 blog post here), Fannie Mae announced that it would allow any lender to use new patented lending technology "on a non-exclusive and royalty-free basis." While Fannie Mae appears to be relatively open to granting licenses, the company refused to place the technology entirely in the public domain.

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