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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Short Takes: Wells CEO Bails; Citigroup Earnings Down; TRID Comment Deadline Approaches

October 14, 2016
Thomas Ressler
ICYMI: The brouhaha over the Wells Fargo phony account creation debacle took another turn this week, with CEO John Stump opting for early retirement...
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Mortgage Complaints to the CFPB Fell Again During the Third Quarter

October 14, 2016
Thomas Ressler
Further empirical confirmation of a recovering mortgage market continued to accumulate at the CFPB during the third quarter, as related consumer complaints dropped 19.8 percent ...
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Industry Groups Oppose CFPB Proposal to Add Survey to Consumer Complaint Database

October 12, 2016
Thomas Ressler
Under the proposal, consumers can rate a company’s response on a scale from one to five…
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Want ‘Cure’ Provisions in TRID? You’d Better Ask Congress

October 7, 2016
Thomas Ressler
In its proposed rulemaking, the CFPB clearly indicated it was not going to re-open the substance of the rule and address what it considered policy issues…
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TRID Compliance Reviews So Far Have been ‘Diagnostic’ in Nature

October 5, 2016
Thomas Ressler
One attorney noted that in his opinion state regulators are still learning the rule…
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TRID Comment Letters Keep Rolling In; LOs Coaching Borrowers to Trust Them?

October 4, 2016
Thomas Ressler
“In no other industry could you say you are charging a high fee and just promise it to be lower when you arrive for closing,” one commenter said.
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Short Takes: PHH’s Disclosure Was Long Expected / Doomed? / PHH Asks for ‘Confidential Treatment’ / Compliance Can Cost / Expanded HMDA Collections Coming Soon

October 4, 2016
Paul Muolo and Thomas Ressler
PHH also wants certain information kept confidential...
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ALTA TRID Survey: 40 Percent of Consumers Confused by the New CD of Title Insurance

September 29, 2016
Thomas Ressler
ALTA CEO Michelle Korsmo: “We’ve heard countless stories from ALTA members about consumer confusion at the closing table…”
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Academics Weigh In: DFA Mortgage Rules Benefitted the Wealthy

September 28, 2016
Thomas Ressler
However, Georgetown University professor Adam Levitin is challenging the findings of his DC-area colleagues.
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Short Takes: Trump Has Some Choice Words for Janet Yellen / The CFPB Now Carries the Wells Fargo ‘Shield’ / FBR Likes MI Sector / Alt Credit Score Models? / A New CEO for New Castle

September 27, 2016
Paul Muolo and Thomas Ressler
Apparently, not everyone is a fan of low rates. Take Donald Trump, for instance...
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