Stonegate Mortgage, which lost $22.8 million during the first nine months of 2015, has yet to report fourth quarter results.

While industry participants continue to call for formal guidance from the CFPB regarding TRID defects, some predict that further help is unlikely at this time…

Vintage Alt A mortgages continue to cause losses at the GSEs.

A warehouse executive, whose bank is based on the East Coast, noted that when a nonbank client loses money two quarters in a row, “it triggers certain [warehouse] covenants.”

“It’s clear from this survey and our discussions with bankers that TRID compliance remains a significant concern,” said ABA's Bob Davis.

The inability of Fannie and Freddie to build capital is a huge issue, Stevens said.

One analyst told IMFnews: “I don’t stay up until four a.m., trying to figure out Ocwen anymore.”

In the new “Mortgage Professional’s Handbook,” residential finance technology expert Jeff Lebowitz predicts the industry “is about to exit its Victorian era of technology use."

In some purchase transactions, lenders require special certifications and inspections stemming from VA policy guidance.

Freddie and Fannie both posted earnings north of $2 billion for the fourth quarter. But Freddie posted a net loss of $475 million in the third quarter of last year after booking a stunning $4.17 billion charge on its derivatives.