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.

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

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

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

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...

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.

“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.”

The SFIG has circulated a draft proposal regarding a standardized approach...

Meet secondary market giant "Natty MaRC"?

Among the secondary market investors buying loans from WJB was JPMorgan Chase, sources said…