RESPA FAQs - Transfer Taxes
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One of the more confusing aspects of the new RESPA rule has been the treatment of transfer taxes. HUD staff members have informally discussed the fact that transfer tax disclosure issues have generated many of the questions submitted to the department. The April 2, 2010 FAQ has some valuable information regarding transfer taxes that may help alleviate some of the confusion. READ MORE |
What Are Banks Spending on Compliance? Bankers as Buyers 2010
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 Bankers as Buyers is an annual report prepared by the William Mills Agency, along with the assistance of analysts and bankers nationwide, "to help financial institutions and those companies serving them validate their strategic IT direction, compare investments in technology by type or direct further research."
Read excerpts of this year's report concerning compliance and regulatory spending. READ MORE
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Lenders Look to Automate Loan Accuracy
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 As more parties demand transparency and increased data quality, lenders are reacting by migrating to a more paperless process and investing in electronic document management technology. [DocuTech customer] Castle & Cooke switched from a paper- and labor-intensive process to a more automated one when they contracted document preparation vendor DocuTech. Read more on how Castle & Cooke trimmed costs and saved time in the May 24 issue of National Mortgage News. READ MORE |
