“Of course the lenders want to lend but as pointed out in this article, when any and every default can result in a far more costly response for frivolous and immaterial errors it creates a defensive lending strategy…

…It is almost comical to watch some branches of the government encouraging guideline widening and catering to underserved borrowers while other branches are busy with excessive put back, indemnification negotiations, and enforcement policies.”, excerpt from September 2014 Mortgage Industry Newsletter

Posted on September 8, 2014, in Postings. Bookmark the permalink. Leave a comment.

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