Actionable mortgage market intelligence,
gleaned from decades of experience.
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The Six Rep-and-Warranty Negotiations That Decide Whether Your Buyback Exposure Dies at Year Three or Year Six
Which representations and warranties provisions determine the duration of a mortgage seller’s buyback exposure? A mortgage seller’s long-term buyback exposure is primarily determined by six…
June 23, 20264 minutes -
How to Read an Acknowledgment Agreement in Eight Minutes – and Why That Skill Saves You Seven Figures in a Default
How do you quickly and accurately review a Mortgage Servicing Rights (MSR) Acknowledgment Agreement? Reviewing an MSR Acknowledgment Agreement efficiently requires a systematic, eight-step process…
June 22, 20264 minutes -
Why Letting AI Draft Your MLPA Compliance Rep Is the Most Expensive Shortcut Your Firm Will Ever Take
What are the financial and legal risks of using AI to draft MLPA compliance representations? Relying on artificial intelligence to draft or approve compliance-with-law representations…
June 20, 20264 minutes -
How the “Existing Relationship” Exception Became a Competitive Weapon for Depositories – and How Non-Banks Can Counter
How can non-bank lenders circumvent the competitive advantages depositories gain from the mortgage trigger-lead ban’s “existing relationship” exception? The trigger-lead ban heavily favors depository institutions…
June 11, 20264 minutes -
The Audit Trail Problem: Why AI-Assisted Underwriting Decisions Become Indemnification Demands Without Counsel in the Loop
How do un-auditable AI underwriting decisions lead to loan indemnification demands, and how do Fannie Mae and Freddie Mac regulations impact this? Under internal agency…
June 11, 20264 minutes -
The Conservatorship Exit Playbook: Provisions to Add to Your Master Repurchase Agreement Before the GSEs Are Released
How should secondary mortgage market counterparties prepare their legacy agreements for a future GSE conservatorship exit? Counterparties must proactively restructure legacy transactional documents to prevent…
June 11, 20263 minutes