MORTGAGE LENDING – A WHOLE NEW BALLGAME

The mortgage market meltdown in 2008 has dramatically affected the way loans are underwritten and the documentation required by lenders. The Dodd-Frank bill was enacted in 2009 as a knee-jerk response to address some of the practices that contributed to the collapse of the mortgage security market, demise of a number of prominent financial and insurance institutions, and the rash of foreclosures … Continue reading...