The impact of the TRID integrated-disclosure rule that took effect on Oct. 3 seems to have had little impact on Fannie Mae and Freddie Mac. For now, the government-sponsored enterprises are focused on whether sellers are using the correct forms, not whether there are mistakes. The GSEs have amended their contractual obligations with their customers to let them know that the customer is responsible for any potential or actual loss as a result of TRID violations. “So they’re basically turning what was a repurchase obligation into an indemnification obligation,” said...

An estimated $1.21 trillion of newly-originated home loans were pooled in mortgage securities last year.

Employment and pay prospects are looking up for loan brokers as well.

“Mortgage g-fees should only be used as a buffer against mortgage defaults, not as a piggy-bank for increased government spending,” said NAR chief Salomone.

If stocks tank, look for yet another bond market rally.

SWBC is looking to hire 40-plus technology workers.

The GSEs’ retained portfolios are shrinking, but whole-loan investments held by banks and credit unions are not.

Then again, there are doubts the legislation will ever be enacted.

Five Oaks’ jumbo conduit also has faced headwinds due to a lack of demand for new jumbo MBS.

Private equity firms, of course, are not known for holding their investments forever.