Why wholesale lending needs smoother broker-lender handoffs
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Morgan Stanley says it has received no proof of an alleged complaint that it pressured employees to approve certain mortgages as reported in a Wall Street Journal article that cited anonymous sources. Processing Content In an email sent in response to inquiries from this publication, Morgan Stanley confirmed statements skeptical of the alleged whistleblower complaint….
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Also suggested are changes to the right of rescission, although that could be more complicated. The right of rescission is set by statute, which limits what the bureau can accomplish through regulation, Idziak said. But one area where clarity could help is the bona fide personal financial emergency waiver, which currently has no workable definition….