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Compliance

Standard & Poor’s agreed to a one-year suspension from rating certain commercial mortgage bonds and $80 million in fines to settle charges with the Securities and Exchange Commission and the New York and Massachusetts Attorneys Generals offices.
All parties — lenders, servicers and secondary market — are asking "how do we manage the risks? How do we know what the risks are and how do we manage them so we don't have anything go wrong?" said KPMG's Larry Walker.
Bank servicers have a compliance dilemma: they need to quickly shed mortgage-servicing rights ahead of Basel III at a time when regulators are keeping a close watch on the manner in which transfers are handled.

Analytics that model operational and repurchase risk may help reduce concerns.
The government-sponsored enterprises' changes to their representations and warranties regulations could increase lending — and some risks. Here's the downside to the move and how lenders can mitigate related concerns.

Some think credit has gotten too tight, and clarity in GSE reps and warrants could increase its availability.
The government-sponsored enterprises' changes to their representations and warranties regulations could increase lending, or cause taxpayer losses related to GSE purchases of bad loans. Here's why advocates like the move.

A third-party allegedly advertised “free” digital content, and then charged for it.
Mortgage companies must properly vet their third-party vendors to ensure that there is no litigation, fraud allegations, or other risky behavior that might create risk for them.

There is no level of risk too small to be concerned with in RESPA.
Generally, advertising cost should be split pro rata based upon the amount of advertising space each party use under the Real Estate Settlement Procedures Act, but more complicated issues arise.
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