Jones Lang Lasalle (JLL) has disclosed a new risk, in the Debt & Financing category.
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Jones Lang Lasalle could face significant business risks due to potential breaches of representations and warranties in their loan origination and servicing activities, particularly within the Fannie Mae DUS and Freddie Mac Optigo programs. Such breaches, which might occur due to inaccurate information or changes in regulations, could obligate the company to repurchase loans or indemnify losses, leading to financial losses. Additionally, breaches could result in legal actions, financial penalties, and reputational damage, thereby impacting their financial performance and future participation in loan programs. Despite implementing due diligence processes and compliance measures, the company may still be vulnerable to risks arising from borrower or third-party actions.
Overall, Wall Street has a Strong Buy consensus rating on JLL stock based on 7 Buys and 1 Hold.
To learn more about Jones Lang Lasalle’s risk factors, click here.
