Banks Make Regulations Onerous By Over-Interpreting Them

Sourced From: http://www.millersamuel.com/banks-make-regulations-onerous-by-over-interpreting-them/

Some people are their own worst enemy. And that old saying also applies to financial institutions.

With all the talk about revisiting, gutting or eliminating Dodd-Frank, a significant part of the problem with mortgage appraisal related lending actually exists within the bank risk management themselves. Their over-interpretation of what the regulations require gives outsiders the impression that appraiser related regulations or standards are more onerous than they act…

Sourced From: http://www.millersamuel.com/banks-make-regulations-onerous-by-over-interpreting-them/

Some people are their own worst enemy. And that old saying also applies to financial institutions.

With all the talk about revisiting, gutting or eliminating Dodd-Frank, a significant part of the problem with mortgage appraisal related lending actually exists within the bank risk management themselves. Their over-interpretation of what the regulations require gives outsiders the impression that appraiser related regulations or standards are more onerous than they act…

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