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Home » Still Some Trading in TRID Defects, But Jumbo Market Looking Up
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Still Some Trading in TRID Defects, But Jumbo Market Looking Up

June 14, 2016
According to investors in scratch-and-dent TRID mortgages and traders who play in the space, auctions of mortgages with errors (of all sorts) have continued apace ever since the CFPB announcement on TRID 2.0 rulemaking in early May and show little sign of slowing down. At the same time, the TRID mortgage disclosure rule appears to be less of an obstacle for the jumbo mortgage-backed securities market these days as JPMorgan Chase prepares a deal that will include residential loans subject to the rule.
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