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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Prospects for New Home-Equity Lending Are Looking Up

January 12, 2016
Thomas Ressler
“Home-equity lending, for years the red-headed stepchild of our industry, is coming back into favor," said CoreLogic's Sam Khater.
Read More

CFPB Seeks Public Comments on the Resubmission of Mortgage Lending Data

January 8, 2016
Thomas Ressler
Specifically, the bureau’s notice asks for public comment on the agency’s use of resubmission error thresholds and how they should be calculated.
Read More

Industry Has Sit-Down with Cordray over CFPB’s TRID Rule

January 7, 2016
Thomas Ressler
Among the key TRID issues identified: continued software glitches, systems issues and confusion among technology vendors...
Read More

CFPB Issues TRID ‘Clarifying’ Letter; GSEs Won’t Conduct ‘Routine’ Post Purchase Reviews

December 30, 2015
Thomas Ressler
The CFPB letter is aimed at preventing the secondary mortgage market from getting clogged up...
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CFPB Brings $3.1 Million Lawsuit Against Law Firm Over Debt Collection Practices

December 29, 2015
Thomas Ressler
No mortgage-related misconduct was alleged in the bureau’s latest action, but servicers shouldn’t take much comfort from the omission...
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Mortgage Tech Vendors Still Scrambling to Help Lenders with TRID

December 22, 2015
Thomas Ressler
The word from the American Bankers Association is this: LOS vendors are still very busy with basic compliance and basic form-population issues…
Read More

Short Takes: How Many TRID Tech Updates? 99? / Ocwen Makes Another Payment / Rates Going Nowhere / Time for FHA Lenders to Use LEAP / Mortgage Exec Back With Guaranteed Rate

December 22, 2015
Paul Muolo, Sherry Muolo, and Thomas Ressler
At some lending shops, almost 100 TRID technology updates have been implemented...
Read More

Four More Rate Hikes Coming from the Federal Reserve?

December 18, 2015
Thomas Ressler
Initial industry reaction to the rate hike was muted. Late this week, mortgage rates hardly budged...
Read More

Look for TRID Compliance Exams by Mid-Year 2016; Fear of a Credit Crunch?

December 17, 2015
Paul Muolo and Thomas Ressler
The CFPB will scrutinize a lender's TRID training and, potentially its handling of early technical problems, said one webinar panelist...
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Industry Wins Limited Relief From CFPB Rules, Other Measures Pending

December 16, 2015
Thomas Ressler
Among other things, the language grants the CFPB greater flexibility to treat a balloon loan as a “qualified mortgage” if it was extended by a community bank or...
Read More
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