The loans backing the bond will be originated by nonbanks Ditech Financial and loanDepot.

MBS issuance rebounded in December, with Fannie/Freddie production rising 17.7 percent. In other words, had TRID not caused a December bump in GSE business, January could have looked better than it did.

For now, the CFPB isn't talking about the matter...

Shakeup at Ditech Financial: Patti Cook Out as President, David Schneider Is In

The White House still wants to kill Fannie and Freddie, but in the meantime it benefits from the their healthy revenue streams...

TRID has become such a serious problem that some lenders are starting the education process early with new loan officers.

Other parts of the nation with the caution light on include Florida and Texas…

During the subprime boom, HSBC owned Household Finance, a once-top ranked subprime lender and servicer that was later cited for lending and servicing violations.

Quicken said it "will evaluate all bids once received and make the decision to partner with one or two providers. Our plan is to reevaluate this process regularly."

In the fourth quarter, 20.3 percent of refi loans sold to the GSEs were in the low-score category, the highest level for the year.