Thomas Ressler

Editor, Inside the CFPB, Small Business Tax News

Recent Stories From this Author

Another Industry Group Calls for Delay in New HMDA Requirements
December 14, 2017 Certain originators and their vendors have expressed the need for more time to test systems and accurately implement the...

Legal Briefs in CFPB ‘Acting’ Director Dispute Keep Piling Up
December 13, 2017 CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.

Short Takes: Casey (Crawford) Sacked by Mortgage Regulators in California / The California Wild Fires and Mortgages / MBA Hires Spencer Stuart for CEO Search / Dems File Amicus Brief in CFPB Case
December 12, 2017 Moral of the story: If you're going to service loans in California, you better have a license...

New CFPB Acting Director Mulvaney Moves Quickly to Intervene in Legal Case
December 7, 2017 Attorney Alan Kaplinsky said the new filing “may be an indicator of the enforcement philosophy of Mick Mulvaney… and how that...

Senate Banking Committee Advances Reg Relief Bill With Substantial Mortgage Reform
December 6, 2017 Can it be? A bi-partisan reg relief measure that helps the mortgage industry?

Short Takes: DoubleLine Eyeing Non-QM Sector / Connecticut Lender Attempts ‘12 in 12’ / Sen. Warren Worries about OMB Staffers Embedded at CFPB / English Gets to Keep Her Regular Job, for Now / A Promotion at LoanLogics
December 6, 2017 Sen. Elizabeth Warren wants a complete list of OMB staffers who have been detailed to the CFPB by Mulvaney...

Short Takes: Atlanta’s Mayor Wants Fannie Chairman Perry to Resign / Arch’s Chief Economist: Housing Relief for Seattle, Looser Credit / LendingHome Hits $2B Mark / Senators Make Threats Regarding English / A Promotion at LoanLogics
December 4, 2017 Nine senators said they would work to invalidate any new rules issued by the CFPB if Leandra English prevails in her attempts...

Trump Nominates Central Banker Who was Critical of Fed’s MBS Purchases
December 1, 2017 The nominee was critical of the Fed’s response to the 2008 financial crisis and its purchases of MBS...

With Mulvaney in Charge of the CFPB, Industry Hopes for a Kinder, Gentler Agency
November 30, 2017 Mulvaney’s ascension has raised expectations the bureau will alter its legal positions in high-profile cases such as those...

Short Takes: Trump Making a CFPB Short List / Appeal Expected but So Far Nothing / Not on the Merits… / CapLoc Looking for Warehouse Chief / LendingTree on a Roll
November 30, 2017 A handful of warehouse managers told IMFnews that a head-hunter hired by CapLoc contacted them about running the firm's...


With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.


No. It’s still difficult compliance/regulatory-wise.


Maybe. It’s under consideration.


Not now. But things could change as 2018 progresses.