Tag Archives: San Francisco

San Francisco uncovers a “Crisis of Compliance”

Copyright © 2004 Mai-Linh Doan

San Francisco City and County recently reviewed 382 residential mortgage loans on the books between 2009 and 2011.  Their goal was to check these mortgages for irregularities and ensure compliance with local laws.  Their findings: a 99% irregularity rate and a 84% violation rate (for applicable laws). Continue reading

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