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24 Sep 2017, 2:47 pm by Wolfgang Demino
And the courts are doing them a favor with rudimentary quality control – not to mention an exacting one -- because it makes their judgment virtually unassailable. [read post]
20 Sep 2017, 3:00 am by Biglaw Investor
That doesn’t mean they are toxic assets but mortgage/debt REITs are only as good as the quality of the underlying mortgage (just as Equity REITs are only as good as the underling properties). [read post]
17 Sep 2017, 2:57 pm by Wolfgang Demino
Here is how the National Collegiate Student Loan Trust's strategy of using collection litigation to shore up the poor quality of its portfolio of private student loans -- so dubiously originated in 2007 just before the financial crash -- is playing out at the retail level.Along with its namesake statutory trusts, NCSLT 2007-4 obtains default judgments against student-borrowers who can't pay, then seizes the borrower's bank account balance through a writ… [read post]
15 Sep 2017, 9:38 am by Jeremy C. Sairsingh
The report also cites fair lending concerns identified during examinations of mortgage servicers relating to data quality issues and “a lack of readily-accessible information” concerning borrower characteristics. [read post]
11 Sep 2017, 4:35 pm by Ben Vernia
The HE4 and HE5 offering documents also falsely represented that DB Home had “developed internal underwriting guidelines that it believe[d] generated quality loans” and that DB Home had instituted a quality control process that “monitor[ed] loan production with the overall goal of improving the quality of loan production,” among numerous other representations designed to instill in investors trust in DB Home’s… [read post]
8 Sep 2017, 10:59 am by David Colapinto
However, the student loan default rate at for-profit colleges is more than twice that at private and public non-profit schools, respectively. [read post]
31 Aug 2017, 4:44 pm by Ben Vernia
*   *   * The settlements announced today resolve allegations that PHH failed to comply with certain FHA, VA, Fannie Mae and Freddie Mac origination, underwriting, and quality control requirements. [read post]
29 Aug 2017, 8:50 am by Len Feltoon
The quality of decisions should never be compromised by outside interference. [read post]
29 Aug 2017, 7:52 am by Seyfarth Shaw LLP
Pay for Exempt Employees The General Rule Exempt employees under the FLSA must be paid on a “salary basis” and earn a full day’s pay when they work any part of the day, regardless of the quality or quantity of the work performed. [read post]
29 Aug 2017, 7:52 am by Seyfarth Shaw LLP
Pay for Exempt Employees The General Rule Exempt employees under the FLSA must be paid on a “salary basis” and earn a full day’s pay when they work any part of the day, regardless of the quality or quantity of the work performed. [read post]
28 Aug 2017, 4:00 am by Tracy Coenen
If spending exceeds the disclosed income and assets, and is not explained through other cash sources such as loan proceeds, gifts, or inheritance, it is likely that the spending is funded through undisclosed income or assets. [read post]
25 Aug 2017, 12:56 pm by Hugh Berkson
Issues with Asset Backed Securities (ABS) First, and most important, the quality of these auto loan ABS products relies principally on the quality of the auto loans underlying them. [read post]
24 Aug 2017, 11:34 am by Pavitra Bacon
  The Bulletin states that examiners may review individual program loans to assess asset quality, credit risk, and consumer compliance. [read post]
24 Aug 2017, 5:44 am by Sabrina I. Pacifici
Quality improves; human ‘fat fingering’ is eliminated. [read post]
22 Aug 2017, 8:12 am by Jack Prettejohn and Peter Snowdon
Article 129(1) of the Capital Requirements Regulation (CRR) grants preferential treatment to covered bonds collateralized by senior units issued by French Fonds Communs de Titrisation or equivalent securitization entities, securitising residential (point (d)) or commercial (point (f)) property exposures, provided that certain conditions are met: they qualify for credit quality step 1 under the credit risk rules in the CRR; their amount does not exceed 10% of the nominal amount of the… [read post]
15 Aug 2017, 5:56 am by Scott Norberg
The availability of loans without underwriting feeds an optimism bias on the part of student borrowers, and artificially fuels enrollments that would not occur in a private student loan market. [read post]