Inside Nonconforming Markets

Surprise: OCC Cuts Disclosures of Key Mortgage Servicing Data at Banks

April 1, 2016

Fact: The Mortgage Metrics report for the third quarter of 2015 was 66 pages while the most recent issue was slashed to just 14 pages.

Investors Warn the CFPB About the Chilling Effect of the TRID Rule; Troubles May Extend to the Conforming Market

March 31, 2016

Brandon Ivey

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.

$20 Million of W.J. Bradley’s Jumbo Loans Offered in the TRID ‘Scratch and Dent' Market. The Seller is…

March 31, 2016

Paul Muolo

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.

Home Equity Loans Down Ever So Slightly at Depositories

March 30, 2016

Brandon Ivey

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

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.

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

Paul Muolo and Carisa Chappell

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...