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Experian Data Quality Launches Deliverability Audit Service to Increase Inbox …

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Experian Data Quality Launches Deliverability Audit Service to Increase Inbox …
BOSTON, MA — (Marketwired) — 08/20/14 — Experian Data Quality, a part of Experian Marketing Services and a leading provider of data quality software and services, today announced the launch of a new deliverability audit service. The offering …
Read more on SYS-CON Media (press release)

Written by Jack Humphreville
LA WATCHDOG-Just imagine the egg on the faces of the members of our City Council if they had placed the $ 4.5 billion Street Tax on the November ballot after Controller Ron Galperin released his “scathing” audit on the Bureau of Street Services, “LA …
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US Army Paid Too Much Upgrading Russian Copters: Audit
The Army Contracting Command has responded that it will seek to recoup $ 128,990 of $ 151,543 in what the audit called “excess fees” paid since 2010 to Columbia, Maryland-based Science and Engineering Services Inc. The remaining $ 22,553 in fees was …
Read more on Bloomberg

Appian Achieves Several New Audit Reports Across Global Footprint
RESTON, VA–(Marketwired – Aug 13, 2014) – Appian, the market leader in modern business process management (BPM) and Case Management software, today announced that the Appian Cloud has received a Service Organization Controls (SOC) 2 Type 2 …
Read more on Marketwired (press release)

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Discuss factors that have contributed to the increase in the number of foreclosures?

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Question by Roman: Discuss factors that have contributed to the increase in the number of foreclosures?

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The development of a pass through mortgage market. In the 70’s and 80’s banks started developing mortgage backed securities or MBSs an MBS is a big pile of mortgages wrapped up together to become a security similar to a bond but with a few differences. By packaging and selling MBSs banks do not have to hold entire mortgages on their balance sheets after they sell them to investors, the mortgage payments are passed through the bank to the investors. Because the banks don’t hold them they don’t care as much who gets a mortgage, some guy who really shouldn’t have gotten a million dollar mortgage might be more likely to get one in a pass through market. Many loans are also created by loan originators and mortgage brokers who line up deals and pass them to banks to be packaged. These guys don’t ever hold the mortgage so they care even less who gets a mortgage or not. Because the risk of writing a mortgage loan to someone has been spread out and passed along through securitization and sale a greater number of “bad” loans have been written in the recent past.

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