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SEC Division of Examination Risk Alert Highlights Deficiencies in Broker-Dealers' AML Compliance Programs | K2 Integrity

The U.S. Securities and Exchange Commission (SEC) is responsible for protecting investors and ensuring the integrity of the securities markets. As part of this mission, the SEC requires...
United States Financial Industry Regulatory Authority Program Enhancements Financial Crimes Enforcement Network Fin Office Of Foreign Assets Control Program Compliance

FHA, VA, Reverse News and Training; EverBank Name to Return; Movement Mortgage v DOJ in False Claims Violation?

The other night my cat Myrtle began squeaking in her sleep and moving her paws. She was either dreaming about a Chupacabra, a CFPB exam, or the Department of Justice holding on line 2. Movement Mortgage, LLC, was caught up in the latter, and has agreed to pay the United States $23.75 million to resolve allegations that it violated the False Claims Act by “failing to comply with material program requirements when it originated and underwrote mortgages insured by the Department of Housing a...
United States Richard Burke Gail Balettie Knight Frank Poiesz Fannie Mae Freddie Mac Freddie Mac

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TPO, Accounting Outsourcing, Processing, DPA Tools; Upcoming Training, Webinars, and Events

Did you know that cows snooze laying down for the four hours of sleep they need a day? Did you know that horses sleep standing up? These tidbits may come in handy for me this week as I head to Cody, Wyoming for the WMLA annual conference. Or they may not. Here’s a question not so trivial: what has 250,000 customers and a $37 billion unpaid principal balance? Answer: Rushmore Loan Management Services’ residential mortgage servicing platform, being sold to Mr. Cooper Group this year....
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