Lines of Defense

Here's a good description of the 'lines of defense' approach that many financial institutions are taking to quality control, operational risk management and compliance risk management.  Without a framework like this, it becomes much more difficult to meet today's enhanced regulatory scrutiny, … [Read more...]

HUD Introduces Defect Taxonomy for FHA Lending

In a growing trend towards streamlining and standardization of quality control and compliance methodologies, HUD has introduced a Defect Taxonomy in its "FHA's Single Family Housing Loan Quality Assessment Methodology".  This document lays out the methodology that the FHA plans to adopt to improve … [Read more...]

Compliance Humor

So many industry professionals have been wrestling with it in 2014 that "compliance" may have become the industry's word of the year.  The jury's still out but it's never too early to joke about it. Happy holiday season!   … [Read more...]