Wells Fargo announced that it will exit all its marketing services agreements (MSA) with real estate professionals and builders, beginning Aug. 1, over a period of 90 days. The lender cited uncertainty surrounding regulatory oversight of MSAs as a prime reason behind the decision.">
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Wells exiting MSAs; 'I think it's the beginning of the end for MSAs'
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Industry News
Thursday, July 30, 2015
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Wells Fargo announced that it will exit all its marketing services agreements (MSA) with real estate professionals and builders, beginning Aug. 1, over a period of 90 days. The lender cited uncertainty surrounding regulatory oversight of MSAs as a prime reason behind the decision. Industry reaction seemed to support that thought. “All the enforcement has shown, no matter what, they’re not compliant. I think it’s the beginning of the end for MSAs,” one said. Read on for all the details, and stay tuned to The Title Report for more expected announcements on this subject, as well as new expected guidance on TRID compliance and more.
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