Some of the biggest investors in mortgage bonds are asking the Consumer Finance Protection Bureau for additional clarification about their liability for purchases of loans that fail to comply with a new disclosure rule.

In a March 30 letter to CFPB Director Richard Cordray, the Association of Mortgage Investors said that the “Know Before You Owe” rule, commonly known as TRID, has “resulted in a climate of legal uncertainty” and is “chilling” private investment in the U.S. mortgage market.

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