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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

CFPB Chief Wants to Make Sure Consumers are Protected and Companies Aren’t Misteated

January 18, 2018
Thomas Ressler
The first RFI from the CFPB will be on Civil Investigative Demands, which are issued during an enforcement investigation.
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Short Takes: House GSE Bill Due by Mid-March? / Providing Technical Assistance: the Staff of the FHFA / Time for a Pay Raise for Layton and Mayopoulos? / Hiring Underwriters from Wells Fargo / CFPB’s Mulvaney to Yellen: I Don’t Need Your Money (Right Now)

January 18, 2018
Paul Muolo and Thomas Ressler
If a GSE reform bill does not get signed into law this year, how much longer will the CEOs of Fannie Mae and Freddie Mac stick around?
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Short Takes: Freddie Mac, an Actual Lender? / GSEs Working to Revise MI Rescission Relief Policies / The Last Time I Saw Richard / MIAC Selling $71MM of RPLs / Movement Hires Chief Credit Officer

January 17, 2018
Paul Muolo and Thomas Ressler
Fannie Mae and Freddie Mac are working with the nation’s mortgage insurance firms to revise rescission relief principles...
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Short Takes: GSE Reform, Yes. Passage? No / Galton’s Return to Nonprime / Citi’s Incredibly Shrinking MSR Portfolio / Legislative Reg Relief On the Way? / English Wants Expedited Review in CFPB Appeal

January 16, 2018
Brandon Ivey, Paul Muolo, and Thomas Ressler
GSE reform may emerge from the Senate Banking Committee, but as for final passage...
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HMDA Requirements a Top Bank Compliance Concern

January 12, 2018
Thomas Ressler
Banks are increasingly worried about staying compliant with all the recent regulations they’re contending with – and the Home Mortgage Disclosure Act is at the top of the list.
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Short Takes: PNC Bank's Mortgage Revenue Declined/KBRA Expects Growth in PLS/Fed Reserve Bank of NY Positive on 2018 Outlook

January 12, 2018
Thomas Ressler
PNC Bank made a relatively paltry $29 million in noninterest income on its mortgage business in the fourth quarter of 2017.
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Judge Denies Bid to Dump Mulvaney, English Expected to Appeal

January 11, 2018
Thomas Ressler
Judge Timothy Kelly of the U.S. District Court for the District of Columbia circuit ruled late Wednesday, as expected, to deny CFPB Deputy Director Leandra English’s personal legal bid soliciting a preliminary injunction to unseat Acting Director Mick Mulvaney and install her as the acting director.
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What to Expect Under Mulvaney: Maybe Significant Rule Changes?

January 11, 2018
Thomas Ressler
It’s possible that mortgage lenders and servicers will see the CFPB during the tenure of Acting Director Mick Mulvaney use the five-year “look back” the bureau is required to perform to make significant changes to a pair of major rulemakings: the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosure rule (TRID) and the ability-to-repay rule.
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Short Takes: Rates Back Up/Applications Rise/Caliber's Non-Prime MBS/Reg C, Z Thresholds Rise

January 11, 2018
Thomas Ressler
Mortgage rates are back up for the week ending Jan. 11, 2018, following Treasury yields, according to the latest results of the Freddie Mac Primary Mortgage Market Survey, released Thursday morning.
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What to Expect Under Mulvaney: Less Hostility Toward Industry

January 10, 2018
Thomas Ressler
CFPB Acting Director Mick Mulvaney has less than 200 calendar days left to occupy the director’s chair, so industry officials have been wondering what they can expect from the bureau as long as he’s in charge.
Read More
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