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Jamie Dimon’s Chairman & CEO Letter to Shareholders

Harvard Corporate Governance

The unknown risk was that SVB’s over 35,000 corporate clients – and activity within them – were controlled by a small number of venture capital companies and moved their deposits in lockstep. It is unlikely that any recent change in regulatory requirements would have made a difference in what followed.

Banking 242
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VA Alternative Valuation Methods

Appraisers Blog

VA Unofficially Says NOPE to ANSI The other agencies, Freddie Mac, HUD/FHA, USDA, ONAP, VA have NOT (yet) adopted this ANSI measuring protocol. Veterans Administration on Hybrid Appraisals See the announcement by the Veterans Administration basically telling lenders and appraisal management companies we are going to protect our….

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Freddie Mac Announces Results of Tender Offer for Certain STACR Debt Notes

Benzinga

09, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC ) (the "Company") today announced the tender results of its previously announced offer to purchase any and all of the STACR ® (Structured Agency Credit Risk) Debt Notes listed below (the "Notes"). MCLEAN, Va.,

Finance 40
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Cavco Industries Announces the Completion of the Acquisition of Manufactured Home Builder and Retailer, Solitaire Homes

Benzinga

NASDAQ: CVCO ) ("Cavco" or the "Company") is pleased to confirm that, further to the announcement on October 27, 2022, the Company completed the acquisition of the business of Solitaire, Inc. This is an outstanding fit that will create exciting opportunities for the combined companies and people involved.". PHOENIX, Jan.

Finance 40
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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Baggins

Appraisers Blog

Yet most people continue to believe the public relations lines of for profit companies regarding security and competent tech development. The miracles of working with third party tech companies. Now they’re addicted, they bring new third party companies into these networks on a near daily basis.

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Desktops Are Being Done WRONG!

Appraisers Blog

Appraisers, back in April, I was notified by someone “close to the action” of appraisal report submittals to the GSE’s, that many Desktops are being submitted back to lenders TOTALLY WRONG by the assigned appraisers! These reports are being captured and evaluated in the current Desktop observation and testing phase of the UCDP evaluations.

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Speed Regardless of Accuracy Under the Banner of Modernization

Appraisers Blog

Appraisers, something – comparing and contrasting – dawned on me last week, after reading another news release titled “Dean Kelker: Appraisal Modernization is Starting to Gain Momentum“, which is basically pushing an “Enterprise” singular ‘agenda’ of valuation speed regardless of accuracy. Under the banner of “modernization.”