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.
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...
Jim Picard, vice president of Denali Home Loans in Alaska, said that so far this quarter, his firm’s volume is up almost 13 percent compared to the year ago period.