Snippet: The Structured Finance Industry Group has been working on a draft proposal to standardize the approach to review loans made since the TILA-RESPA Integrated Disclosure rule took effect. The proposal received high remarks from Fitch Ratings, which said in a report that it marked a “significant step forward for developing an industry standard treatment of errors related to the new residential mortgage disclosure requirements.” Read on for details of the proposal and Fitch’s review.
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