RMBS Investors Face Low Risk on TRID Compliance: Fitch
Wed January 13, 2016Private-label investors in residential mortgage-backed securities should be at only modest risk for noncompliance with Truth in Lending Act and Real Estate Settlement Procedures Act integrated disclosure requirements, according to Fitch Ratings.
Instances of noncompliance may be elevated at first, as lenders and other players adjust to the new rules, Fitch said. But those issues will likely not translate into higher risk for bondholders.