Hensarling Wants CFPB's Mulvaney to Appeal PHH Loss to the Supreme Court February 1, 2018 Thomas Ressler Neither Hensarling or Waters addressed the fundamental RESPA issues involved in the case…Read More
Appeals Court Rules in PHH’s Favor in RESPA Dispute with the CFPB; However, CFPB's Constitutionality is Upheld January 31, 2018 Thomas Ressler The ruling is a huge win for the mortgage industry, said former CFPB attorney Benjamin Olson, now a partner at the Buckley Sandler law firm…Read More
Dever, Iannicola Latest Additions to Short List for CFPB Director. Or Maybe Jerry Buckley? January 30, 2018 Thomas Ressler “Jerry Buckley would fit the bill perfectly,” said one industry lobbyist... Read More
CFPB Issues RFI on Civil Investigative Demands, Says CIDs Can be a ‘Burden’ January 25, 2018 Thomas Ressler The agency wants feedback on its “processes for initiating” investigations…Read More
New CFPB Memo Solidifies Mulvaney’s Edict to Respect the Rights of Financial Service Providers January 24, 2018 Thomas Ressler CFPB's Mulvaney: “If the CFPB loses a court case because we pushed too hard, we simply move on to the next matter. But where do those that we have charged go to get their time, their money, or their good names back?” Read More
Short Takes: What if a ‘Conservative’ Ran the FHFA? / Maybe GSE Loan Limits Should be Lowered / Erbey Selling Ocwen Shares / The New Fed Chief and MBS Sales / English Update / A Chalupa with that MI Policy? January 24, 2018 Paul Muolo and Thomas Ressler Selling shares in Ocwen Financial: Bill Erbey...Read More
CFPB Chief Mulvaney Hangs Tough in Nationwide Biweekly Case January 23, 2018 Thomas Ressler However, the bureau eventually pressed ahead, arguing to uphold the judgment against the biweekly lender…Read More
Under Mulvaney, the CFPB May Go Easy on Lenders – but the States Certainly Won’t January 22, 2018 Thomas Ressler Compliance attorneys strongly suggested now is not the time for mortgage companies to let their guard down.Read More
Short Takes: Fannie, Freddie and the Government Shutdown / Ginnie Mae Down to a Skeleton Crew? / Sorry, Call Later When We’re Open / But the CFPB is Open for Business / New LOs for Mortgage Network January 22, 2018 Brandon Ivey, Paul Muolo, and Thomas Ressler HUD tells the mortgage industry: “Due to the federal government shutdown, the information on this website may not be up to date…”Read More
Four Years In, Non-QM Market Struggles to Amass Volume January 18, 2018 Thomas Ressler Authoritative numbers on the size of the non-QM space are difficult to come by.Read More