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New TRID may be on the way.  Looks like it has strong support.



additional comments on
"New TRID May Be on the Way"

  1. Tommy Gainer says:

    I’m not a fan of Waters! but I do think that the FHA borrowers that default are likely not at 78% LTV or lower. By the time they have paid down the loan that much, I think their “risky” status has likely long left them.

  2. FL-MTG-BRKR says:

    There would be plenty of MMI funds in reserve if the gov would not take those funds to use elsewhere…kinda how they take all the profits from Fannie/Freddie…

  3. James B says:

    FHA mortgage insurance dropped off for years with no problem. Looser UW and higher debt ratios above 43% is the problem. QM loans will solve that if implemented.

  4. John Smit says:

    The reason the MMI funds fell under statutory thresholds is because criminal loan officers used FHA as their subprime loan when the mortgage crisis first hit and FHA was hit with a much higher rate of defaults due to fraudulent loans. If everyone wrote FHA loans according to the guidelines the risk wouldn’t be there at 78% LTV.

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