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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Short Takes: More MSR Auctions on the Way? IMA Selling Almost $4B / PIMCO and PHH / Lawyers In Love – With Another Firm / Nonbanks and Jumbos / loanDepot Announces New Hires

March 9, 2016
Paul Muolo and Thomas Ressler
Among the top 10 non-agency jumbo mortgage producers in 2015 just two are nonbanks: PHH Mortgage and Redwood Trust.
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Lenders Plan for Growth but Anxious About Compliance

March 9, 2016
Thomas Ressler
Roughly 88 percent of lenders said they expect to grow their mortgage origination business in 2016...
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The QM Rule Didn’t Chill Mortgage Credit – Blame ‘Market Dynamics’ Instead

March 8, 2016
Thomas Ressler
The market had largely abandoned risky lending products before the QM rule ever kicked in…
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CFPB Now Accepting Complaints About Online ‘Marketplace’ Lenders

March 8, 2016
Thomas Ressler
Marketplace lenders may want to beef up their compliance staffs: The CFPB is now accepting complaints.
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The CFPB Has Four Mortgage Priorities Over the Next Two Years

March 4, 2016
Thomas Ressler
The CPFB it will continue to work with institutions to support implementation of its mortgage rules and “begin to assess the effectiveness of significant rules.”
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And Yet More Damage Caused by TRID: The Elimination of Mortgage Products

March 2, 2016
Thomas Ressler
“It’s clear from this survey and our discussions with bankers that TRID compliance remains a significant concern,” said ABA's Bob Davis.
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Mayer Brown Law Firm Adds Five Veteran Mortgage Attorneys; Will Help Lenders Deal with Regulators

February 29, 2016
Thomas Ressler
Among other things, the attorneys will represent clients in supervisory matters before the Consumer Financial Protection Bureau...
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Securitization Chief Rings Warning Bell on International Rules and their Effect on the Economy

February 26, 2016
Thomas Ressler
Any of these regulations might be a concern in isolation, said Johns, but the cumulative effect will damage the U.S. economy and more…
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CFPB’s ‘No-Action’ Policy Could Stymie Mortgage Innovation

February 25, 2016
Thomas Ressler
Mortgage product innovation could be dead thanks to a new policy from the CFPB...
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Short Takes: Don’t Cry For Me Democrats Who are Jumbo Borrowers / TRID Rule Nicks Xome / ‘Inorganic’ Growth for PHH / PennyMac Steps Up Buybacks of Common Shares / Fewer Gripes About Debt Collection Practices

February 25, 2016
Paul Muolo and Thomas Ressler
Suddenly, mortgage firms left and right are buying back common stock in the open market...
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