TRID Scuttling Revival of Private-Label Securitizations
National Mortgage News, Feb. 9, 2016–Berry, Kate
Many institutional investors are refusing to purchase mortgages loans until they get assurance from the Consumer Financial Protection Bureau that they won’t have to pay for others’ mistakes. Their pullback could further the slow the issuance of private-label mortgage bonds this year, a huge concern at a time when the majority of home loans are insured by Fannie Mae, Freddie Mac and the FHA.
