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Will Changing Lender Standards Mean Less Borrower Paperwork?

Will Changing Lender Standards Mean Less Borrower Paperwork?

By Peter Miller, Contributor November 25, 2014 Since the first days of Wall Street Reform lenders have complained that the standards are too tight. Even minor clerical errors, they say, can force them to buy-back loans from investors and governmental agencies. Such repurchases not only produce big losses but have forced lenders to document everything remotely associated with the borrower’s finances in an effort to prevent future repurchase claims. Read Complete Article Print Email

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