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Moody's Investors Service downgraded JPMorgan Chase's prime jumbo mortgage originator assessment to its second-highest rating, citing the bank's growing reliance on correspondents with delegated underwriting authority and shortcomings in its technology infrastructure.
August 24 -
The ability-to-repay standard is responsible for the reduction in loan application defects over the past four-plus years, according to First American Financial.
May 30 -
There is now less fraud risk associated with adjustable-rate mortgage applications and this will offset some of the higher hazard associated with a purchase market.
April 2 -
It is important for lenders to understand in what locations and property types their application fraud risk rests as the market share of purchase loans rises.
March 2 -
After surging earlier in the year, the number of mortgage loan application defects remained flat in November, a positive sign when it comes to fraud incidents going forward.
December 29 -
While the nationwide run-up in mortgage loan application defects appears to have slowed, instances of fraud remain on the rise in Texas and Florida.
December 1 -
The Mortgage Bankers Association wants the Department of Housing and Urban Development to tweak a policy on re-inspections of homes that are in a pending sale during a natural disaster.
September 15