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helping mortgage lenders more efficiently track, report and trend loan defects to reduce repurchase risk and elevate loan quality. The enhanced integration also enables Insight RDM to use those data.
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If the lender determines that the mortgage loan was not eligible as delivered, the lender must advise Fannie Mae of these findings using the self-report functionality in Loan Quality Connect. For additional information, see D1-3-06, Lender Post-Closing Quality Control Reporting, Record Retention, and Audit and D1-3-03, Lender Post-Closing.
Wells Fargo has agreed to pay a $2.09 billion penalty for allegedly misrepresenting the quality of loans used for mortgage-backed securities between 2005 and 2007. Federal officials allege that the.
Blackstone Mortgage’s $13.8 billion portfolio is predominantly comprised of loans on major market assets with top sponsors and is well diversified across asset classes and geographies. The company’s.