The MI industry’s future also hinges on Fannie and Freddie, which by statute must have MI coverage on the high loan-to-value ratio mortgages they buy.

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.

Can (and will) Congress act to fix the TRID mess?

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.

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...

“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.”

Much of the collateral is based in the Western U.S.

Meet secondary market giant "Natty MaRC"?

Among the secondary market investors buying loans from WJB was JPMorgan Chase, sources said…

The REIT noted that Nicholas “led the team that built Redwood’s residential loan and capital markets platforms.”