Fitch Ratings believes that the market disruption caused by mortgages that fail to comply with a new consumer disclosure rules is out of proportion to amount of risk posed to mortgage bond investors.

The "Know Before You Owe" rule, commonly known as TRID, took effect in October and was meant to help consumers understand the total costs of a home loan. But the number of variables to account for on the forms makes compliance extremely difficult, and many investors are refusing to purchase loans without further guidance from the Consumer Financial Protection Bureau.

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