Morgan Stanley finally pays $275 million for subprime RMBS fraud

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

New home sales collapse, erasing recent surge

Sales 11.5% down YOY; fall to 406,000 annual pace

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation
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Articles by Jennifer Miller

From HW Magazine

10 signs you need a new appraisal quality assurance process

May 1, 2014
In our experience with numerous lenders and AMCs, appraisal quality assurance is typically one extreme or the other: too manual or too automated — both leading to inconsistent or ineffective results. If any of these 10 warning signs sound familiar, it’s time to implement a procedural change for compliance and a defensible position that results in better lending decisions.
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From HW Magazine

Quality control

Compliance is good business
May 1, 2014
In the past year, we’ve seen several announcements and compliance deadlines on the same topic: The importance of appraisal quality assurance. In an environment with so many new requirements and market challenges, it’s not surprising many lenders are afraid they’re not keeping up with all the regulations.
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Lenders should register for the UCDP and avoid the common pitfalls

December 2, 2011
The next phase of the government-sponsored enterprises’ Uniform Mortgage Data Program is upon us. On Dec. 1 the deadline hit for all lenders to submit appraisals...
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