Can (and will) Congress act to fix the TRID mess?

The AMI chief warned that at some point the GSEs may decide to review TRID documentation and penalize lenders who made even small clerical errors in the disclosures.

According to survey figures from Inside Mortgage Finance, WJB funded $410 million in 4Q15. Typically, it sold jumbos on a correspondent basis to secondary market investors, including JPM.

The HECM loss mitigation option is available if there is no indication that the borrower vacated the property or if he or she is attempting to make payments on the amounts due.

Except for 2012, the biggest year in program activity, most of the loans originated under HARP had rates above today’s levels.

Bank of America ranked second in home equity holdings with $125.69 billion.

Jim Picard, vice president of Denali Home Loans in Alaska, said that so far this quarter, his firm’s volume is up almost 13 percent compared to the year ago period.

This same official also predicted that if TRID errors ever become an issue on Fannie Mae/Freddie Mac loans, the entire mortgage market would come to a halt...

Wells Fargo delivered $5.03 billion of VA jumbo loans into Ginnie Mae pools in 2015, making it the leading securitizer in that segment.

The SFIG draft includes details on potential cures for TRID violations.