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Want to Achieve TRID Compliance? First Meet These 150 Requirements…

March 30, 2016
Brandon Ivey
The SFIG draft includes details on potential cures for TRID violations.
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Huge Growth in Securitization of VA ‘Jumbos’

March 30, 2016
George Brooks
Wells Fargo delivered $5.03 billion of VA jumbo loans into Ginnie Mae pools in 2015, making it the leading securitizer in that segment.
Read More

Short Takes: Who Will Show Up First on TRID Relief? Godot or Cordray? / A Potential to Shut Down the Mortgage Market? / Fannie’s Play in Energy Loans / DocMagic’s Launch / New Consumer Lending Chief for Ditech

March 30, 2016
Carisa Chappell and Paul Muolo
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...
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TRID’s Impact on Fannie and Freddie: Little or None

March 29, 2016
Carisa Chappell
Although the GSEs have not started conducting routine quality control file reviews for technical compliance with the TRID rule, they are checking to make sure the new forms are being used.
Read More

More TRID Headache Stories: How a $19 Mistake Cost a Lender $70,000

March 29, 2016
Paul Muolo
“The real punch in the gut is the investor taking 30 days to review” the mortgage, said the CEO. “Then they said it’s not up to their standards.”
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Plan to Smooth Out TRID Errors Could See the Light of Day This Week

March 29, 2016
Brandon Ivey
The SFIG has circulated a draft proposal regarding a standardized approach...
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Short Takes: Banks vs. Nonbank on TRID / Depositories Avoid ‘Fix n Flip’ Mortgages / Fannie, Freddie and ‘Nimrick’ Revisited / RHS and QMs / A Legal Case to Study: Guarantee Rate’s ‘Corporate Spy’

March 29, 2016
Brandon Ivey and Paul Muolo
Meet secondary market giant "Natty MaRC"?
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It Looks as Though WJB Went Through a ‘Recap’ In December. Then It All Went South

March 29, 2016
Paul Muolo
Among the secondary market investors buying loans from WJB was JPMorgan Chase, sources said…
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The Successor to Fannie/Freddie Would Only Be as Large as it ‘Needs to Be’

March 29, 2016
Brandon Ivey
The clock is ticking on Fannie/Freddie capital going to zero. To some, this proposal restarts the GSE "conversation..."
Read More

Another Shakeup at Redwood Trust: Nicholas Out as President; A Severance Charge That Could Top $4.5 Million

March 28, 2016
Paul Muolo
The REIT noted that Nicholas “led the team that built Redwood’s residential loan and capital markets platforms.”
Read More
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