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Looming risk for mortgage credit and MBS investors from “Lender Choice”

Since 1996 when Freddie Mac introduced the industry to the first automated underwriting system (AUS) for GSE-eligible mortgages, a borrower’s credit score has served as one of the most important predictors of mortgage delinquency.  For many years thereafter, FICO score was the sole provider of scores to both GSEs’ AUS scorecards.  The arrival of VantageScore […]

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Warsh call for Fed-Treasury accord stirs debate in $30 trillion bond market

Kevin Warsh floated plenty of ideas for how he would run the Federal Reserve during his campaign for the job as chair. For Wall Street, few are as cryptic — or potentially consequential — as his call for a new accord with the Treasury Department. Processing Content Warsh has voiced support for overhauling the relationship

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Title company settles RESPA JV referral claims for $1M

A Maryland-based title and settlement services company has settled claims that it paid fees to real estate agents and brokers in exchange for customer referrals through joint venture arrangements. Processing Content KVS Title created multiple joint venture companies with real estate agents and brokers, including Alliance Title Services, Clear Title Solutions, Eversure Title, Realty Settlement

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