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.”Read More
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...Read More
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"?Read More
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…Read More
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
Due Diligence Firms Continue to Work on a TRID Fix for the Secondary Market March 28, 2016 Brandon Ivey TRID errors and investor fears are playing a key role in secondary market snafus...Read More
Piper: Certain Banks Could Post Strong Mortgage Earnings for 1Q16 March 28, 2016 Paul Muolo In particular, gain-on-sale margins could be quite healthy. Read More
Short Takes: A Mortgage Giant Named Nimrick? / Keeping the GSEs ‘On Budget’ / Banking and Mortgage Deregulation? / Mortgage Executive Bolts Wells Fargo for Tech Vendor March 28, 2016 Paul Muolo Mortgage deregulation ahead? GOP presidential candidate Sen. Ted Cruz, R-TX, has tapped former Texas senator Phil Gramm as an economic advisor...Read More
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