By Rob Chrisman
Posted To: Pipeline Press
Next Monday is a Federal Holiday. When I was a kid we had both Lincoln’s and Washington’s birthdays off, and it serves as a reminder that we got gypped. Many in the industry feel that the consumer was deceived nearly a month ago when the CFPB came out with its site created for the consumer to shop for a mortgage without using an APR. There are, however, other efforts within in the industry to educate the consumer, and the latest is a book by John W. Mallett , the president of MainStreet Mortgage. Perhaps the CFPB should take a page or two out of it. “Rob, we’ve noticed some rather unfavorable new language in Purchase and Sale Agreements from investors that are selling into the securitization markets. We’ve been told the language results from the SEC’s new rules known as Regulation AB . The…(read more)
Via:: Questions About G-Fees; Concern About Purchase & Sale Agreements; More on Collateral Underwriter
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