FDIC Goes After BNY Mellon; Agency Affordable Housing Goals Little Changed; Investor Updates

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Posted To: Pipeline Press

I continue to hear about the overkill in paperwork as lenders attempt to cover their collective "assets" against potential liabilities. But that is only on factor, and MetaSource came out with a White Paper titled, "Guide to Gaining a Competitive Advantage through Mortgage Document Management". Did someone say "overkill"? Hey, that rhymes with Buffalo Bill - as in "Silence of the Lambs." And check this out: the house where Buffalo ("Precious! Put the lotion in the basket!") Bill lived in the movie is up for sale at $300k . Rural housing folks know that recently the RHS/USDA proposed some changes in the program to reduce financial reporting burden on owners. Here is a write-up worth a gander. As a reminder, Walter Investment Management Corp. spread the word that Ditech Mortgage will be merging...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/08202015-affordable-housing-goals.aspx

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