While the CFPB reviews feedback on its TILA-RESPA Integrated Disclosure rule RIF, the Structured Finance Association is working on updating its TRID compliance document.
Several themes emerged from the feedback the Securities and Exchange Commission received in response to its concept release on changes to Reg. AB2 disclosure standards for publicly-registered deals.
Non-agency market participants have concerns about lender’s choice, but also expect modern credit scoring models to improve visibility into borrower credit behavior.
Carrington Mortgage Services said one of the changes included lowering the eligibility threshold for an alternative-documentation borrower to a FICO score of 550.