The OCC’s language was not as strong as earlier reassurances from the CFPB that it would not be taking a “gotcha” or punitive approach when it commences with TRID examinations…

“I didn’t see any bold, new assertions in here,” said one legal source. “I think the CFPB has its theory and they’re sticking to it…”

Mortgage lenders now have to be careful about how they draft an MSA, even if the industry’s preexisting forms are mostly similar from one law firm to another.

“I don’t think it does a lot of good to play the ‘blame game’ and I don’t think that’s where the solution lies,” said Brian Benson, CEO of ClosingCorp.

A helpful piece of advice: MSA participants should avoid entering into agreements that provide for exclusivity, such as being named a preferred lender.

System upgrades, increased staffing and other costs also are driving industry anxiety, Wolters found.

The CFPB said some lenders are failing to comply with the requirement that charges at settlement not exceed amounts on the good faith estimate form...

MBA continues to believe that, given the lack of reserves, eventually the GSEs will need to take a draw from Treasury, said Dave Stevens.

When asked about complying with the complex TRID rules, 32 percent of respondents cited “collaborating with stakeholders” as their top issue...

There is one GSE issue that Democrats and Republicans see eye-to-eye on: capping the pay of CEOs working for Fannie Mae and Freddie Mac.