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Scare Mail: Beware of “QWR”s (August 6, 2009)
The past several months have seen mortgage lenders and servicers come under an unusual form of legal assault—one bearing the name of “QWR”, or in its unabbreviated form, the “qualified written request.” QWRs have emerged as a troublesome legal and regulatory issue for banks, involving a somewhat obscure legal provision that is not widely understood by compliance professionals, nor much written about in compliance or legal journals.
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