“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 RHS stated that it may seek indemnification in cases of fraud or misrepresentation regardless of when the loan closed or when the default occurred.

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…

The clock is ticking on Fannie/Freddie capital going to zero. To some, this proposal restarts the GSE "conversation..."

TRID errors and investor fears are playing a key role in secondary market snafus...

CFPB Director Richard Cordray has pushed back against claims from industry participants that regulations have unduly constricted lending...

Mortgage deregulation ahead? GOP presidential candidate Sen. Ted Cruz, R-TX, has tapped former Texas senator Phil Gramm as an economic advisor...

Due diligence firms led an effort to issue a draft proposal late last week that would establish a standardized approach for reviewing compliance with the TRID mortgage-disclosure rule. The effort organized by the Structured Finance Industry Group was met with praise by industry participants. “The draft proposal represents a significant step forward for developing an industry standard treatment of errors related to the new residential mortgage disclosure requirements,” Fitch Ratings said. TRID is industry shorthand for a new integrated disclosure rule that covers requirements under the Truth in Lending Act and the Real Estate Settlement Procedures Act. Third-party due diligence providers have identified...