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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Industry Glad that CFPB Will Close the TRID ‘Black Hole’

August 24, 2017
Thomas Ressler
As a result, the closing disclosure can generally only be used to reset tolerances based on events that occur within seven days of closing…
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Watchdog Group Seeks Answers from CFPB About Clayton Homes’ Lending Practices

August 22, 2017
Thomas Ressler
Clayton Homes is one of the nation’s largest mobile home sellers, and is owned by Warren Buffett’s Berkshire Hathaway.
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Industry Reps Use Congressional Recess to Gear Up for Fall Legislative Push

August 18, 2017
Thomas Ressler
Meanwhile, the leaders of the Senate Banking, Housing and Urban Affairs Committee have introduced S. 1751, a six-year extension bill with relatively minor reforms, as far as the Realtors are concerned.
Read More

Will CFPB Director Cordray Bolt by Labor Day?

August 17, 2017
Thomas Ressler
The clock is ticking on Richard Cordray’s political ambitions in Ohio…
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As Financial Crisis Fades, are Mortgage Servicers Poised for a New Era?

August 15, 2017
Thomas Ressler
Servicing costs have risen dramatically this decade, but maybe there’s light at the end of the tunnel…
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TRID Related Deadlines for Amendments, Comments Now Set

August 14, 2017
Thomas Ressler
The TRID amendments, which were finalized in July, codify the CFPB’s informal guidance on various issues and makes additional clarifications and technical amendments.
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Low Downpayment Lending is Expanding, Says BKFS

August 11, 2017
Thomas Ressler
Over the past 12 months, 1.5 million borrowers have purchased a home using down payments below 10 percent…
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A September Surprise? Will CFPB’s Cordray Run For Governor of Ohio?

August 10, 2017
Thomas Ressler
Will he or won't he? We may know in September...
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Short Takes: Walter Exits Reverse Lending, May Sell the Business / Redwood Queues Up Another Jumbo Deal / Dark Money in Cordray Effort? / A Small Gain for Applications / New Hires for Churchill

August 10, 2017
Brandon Ivey, Paul Muolo, Sherry Muolo, and Thomas Ressler
It’s safe to say that CFPB Director Richard Cordray has been one of the most controversial financial regulators to work in Washington, D.C. for quite some time...
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Short Takes: The FCA and VA Loans? / CFPB to Zillow: You’d Better Settle / Some Details on JPM’s New Non-Agency MBS / Buying a Home Without Ever Seeing It / Altisource Hires Nomura Executive

August 9, 2017
Brandon Ivey, Paul Muolo, Sherry Muolo, and Thomas Ressler
Morningstar said the ratings were discontinued due to a request from Ocwen...
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