The next step, of course, is for our government to study compensation in specific business lines and financial firms - like mortgage companies. I can hardly wait... Elvis impersonators take note: Wells Fargo Funding is opening up a new site in Las Vegas. It seems that "The Coach", grappling with the regulatory process of dotting i's and crossing t's, is not only having its staff (like probably every other investor out there) work overtime and increase efficiency, but is also expanding its capacity, in part by developing a new operations location in Las Vegas. Wells made sure to point out that "One thing we will not do, however, is cut corners that help us ensure quality and prevent fraud." Chase, pursuant to Freddie Mac's policy change, is also rescinding its policy on Detached PUD's. "Detached PUDs are available on all products, including Freddie Mac/LP transactions" effective immediately.