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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Short Takes: Angel Oak Nonprime MBS a Done Deal / GSE ‘Jump Start’ Moves Along / Time to End the GSE Profit Sweep? / MBA Continues to Stump for ‘Transitional’ LO License / Sage Bank Settles Lending Discrimination Charges / New Hires for Ranieri

December 16, 2015
Paul Muolo and Thomas Ressler
The CHLA is renewing its call for Treasury and the FHFA to amend the preferred stock purchase agreements once again, allowing the GSEs to build capital...
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CFPB Massive Data Collection Program in Congressional Cross-Hairs, Mortgages Too

December 15, 2015
Thomas Ressler
Some other CFPB mortgage-related issues could come up for discussion, such as a hold-harmless enforcement period under the bureau’s new TRID rule...
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TRID Compliance Failures Exceed 90 Percent, Although Many Trivial

December 10, 2015
Thomas Ressler
Moody's said the results suggest that some lenders are having difficulty complying with the new TRID rules, a credit negative...
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Agencies Provide Updates on Mortgage Regs; In February Look for FHFA Rule on Captives and FHLB Membership

December 9, 2015
Thomas Ressler
Look for new FHLB membership rules from the FHFA by February 2016...
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Short Takes: $3 Billion in Ginnie MSRs Up for Grabs / More Servicing Regulations from the CFPB / Sterne Agee Lowers Estimates on PHH / Which GSE CEO Leaves First? / LenderLive’s New Hire

December 3, 2015
Paul Muolo and Thomas Ressler
Now that President Obama has signed legislation to cap Fannie Mae/Freddie Mac CEO pay, which GSE chief will leave first?
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Short Takes: Certain Branches Ready to Bolt Blackstone? / No Market Too Small / Beach Point Nonprime MBS Still on Track / CFPB Issues HMDA Compliance Guide / loanDepot Securitizes Personal Loans

December 2, 2015
Paul Muolo and Thomas Ressler
So, whatever happened to Beach Point Capital’s $70 million subprime MBS? Sources contend the deal is very close with strong investor interest...
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CFPB Doubles $$$ Collected from Penalties but Seems Slow in Redistributing It

December 1, 2015
Thomas Ressler
At the CFPB, penalty money comes in, but doesn't necessarily go out very quickly...
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CFPB Inspector General Has Five Agency Assignments Slated for 1Q16

November 24, 2015
Thomas Ressler
First on the IG's "to-do" list is an audit of the CFPB’s space-planning activities, largely in response to the bureau’s renovation of its headquarters building.
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Are Mortgage Lenders Missing the Mobile Boat?

November 23, 2015
Thomas Ressler
However, 40 percent of those lenders who do not offer a mobile app plan to make one available over the next 12 months.
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House Votes to Extend QM Safe Harbor; Veto Anticipated

November 19, 2015
Thomas Ressler
Given the president’s intention to defend the Dodd-Frank Act for the remainder of his term, an industry-wide QM safe harbor for portfolio mortgages is “a heavy lift,” said former FHA chief Dave Stevens.
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