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Ginnie Mae Further Streamlines Advanced Loan Modifications

On Friday afternoon, Ginnie Mae issued a new memorandum (APM 22-01) stating that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM).  The memo does away with the requirement for recordation and title insurance in some cases.  The new policy supports ...

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Wells Fargo Names New Chief Revenue Officer

Wells Fargo announced today that Derek Flowers has been appointed the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a member of the company’s Operating ...

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