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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

HSBC Hit with $33 Million Fine Over Flawed Foreclosures

January 10, 2017
Thomas Ressler
As part of the settlement, the OCC lifted certain business restrictions that had been placed on HSBC…
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ABA Calls for Expanded ‘Qualified Mortgage’ Language, Housing Finance Reform

January 6, 2017
Thomas Ressler
ABA seeks the restoration of “balance to the regulatory process,” including Consumer Financial Protection Bureau reform…
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First-Lien Mortgages Continued to Perform Better in 3Q16, OCC Finds

January 5, 2017
Thomas Ressler
Residential servicers started 47,955 new foreclosures in the quarter, a 1.6 percent sequential decline, and a whopping 25.3 percent fall compared to a year ago.
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Constitutional Question Aside, Much at Stake on RESPA Front in PHH Case

January 5, 2017
Thomas Ressler
That being said, “There is a lot at stake on the RESPA front," said one attorney...
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Trump Nominee Could Stymie CFPB Rulemaking, Pending the PHH Case

January 4, 2017
Thomas Ressler
“Mr. Mulvaney has been described as a staunch deficit hawk and his nomination is viewed as sending a signal that federal regulations are likely to face tough scrutiny in a Trump administration,” Mishkin said.
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Floodwaters of Negative Equity Continue to Recede

January 3, 2017
Thomas Ressler
When the housing recession was in its early years, negative equity was most pronounced in a handful of Southwestern and Southeastern markets...
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PHH Says Panel Got it Right, No Need to Rehear 'En Banc' in Controversial CFPB Case

December 22, 2016
Thomas Ressler
The U.S. Solicitor General is also expected to submit a filing to the court...
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With Rates Rising, CEOs Contemplate Cost Cuts and that Means LO Comp is in Play

December 15, 2016
Thomas Ressler
Lenders should never make unrealistic promises when recruiting loan officers, said one webinar panelist…
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Investors Still Worried About TRID 2.0, Including PIMCO

December 14, 2016
Thomas Ressler
PIMCO believes the CFPB should expand the available post-consummation cures under the rules to cover good-faith errors made on the loan estimate form…
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PHH Readies Response to CFPB Appeals Court Directive

December 13, 2016
Thomas Ressler
PHH, the nation’s eighth largest originator, has offered no guidance on when it might file, except to say, “We will file no later than that date [Dec. 22].”
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