Was W.J. Bradley’s Closure All Related to TRID Errors or Something Else? Are More WJBs Ahead?
March 24, 2016
Errors in TRID disclosures on jumbo mortgages played a key role in the recent closure of W.J. Bradley Mortgage, but the privately held nonbank may have had other problems as well, according to industry officials who claim to have intimate knowledge of the company’s operations. A thin capital base is one of those problems. An investor in the company and an investment banking official each told...