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1st Alliance Self-Reported Violation; Loans that Become Non-QM;… – Mortgage News Daily

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1st Alliance Self-Reported Violation; Loans that Become Non-QM;...
Mortgage News Daily
1st Alliance buys distressed mortgage loans from servicers, and then attempts to refinance those loans into new ones with lower principal balances through federally related mortgage programs (similar to Ocwen). Initially it obtained its funding from a ...

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