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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

As Part of its ‘Sensitive’ Letter, the CFPB Predicts Loan Closings Won’t be Delayed…

June 4, 2015
Thomas Ressler
Some lenders have predicted delays ranging from a few days to more than a month.
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PHH’s Share Prices Tumbles 4 Percent in Wake of $109 Million CFPB Fine

June 4, 2015
Thomas Ressler
Notice of the final order on PHH sent the nonbank’s share price tumbling four percent at one point. Regulators say the MI kickback scheme started as early as 1995.
Read More

CFPB to be Sensitive to Lenders on TRID Compliance

June 3, 2015
Thomas Ressler
The reassurance on TRID was given Wednesday morning to Richard Hunt, president and CEO of the Consumer Bankers Association...
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250-Plus Members of Congress Tell the CFPB’s Cordray to Ease Up on TRID

May 28, 2015
Thomas Ressler
The lawmakers join a growing chorus of mortgage professionals calling for an ease on tight enforcement of the TILA/RESPA Integrated Disclosure rule.
Read More

CFPB Confirms Final HMDA Rule Out Later This Summer

May 26, 2015
Thomas Ressler
Elsewhere, the CFPB continues to be steadfast on the August 1, 2015, effective date for its TILA/RESPA integrated disclosure rule...
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TRID to Heighten Odds of Losses in U.S. RMBS, Moody’s Says

May 20, 2015
Thomas Ressler
Mortgages with uncured TRID violations will have higher losses if they default, owing to the potential for increased legal costs and damages, said Moody's.
Read More

The Latest Word From the CFPB’s Cordray on TRID: August 1, No ‘Soft’ Enforcement?

May 19, 2015
Thomas Ressler
The CFPB also disputed the notion that the Aug. 1 effective date comes at a bad time on the closing calendar...
Read More

Sen. Shelby’s Bill Includes ATR Fix for Portfolio Loans

May 13, 2015
Thomas Ressler
Also, the mortgage cannot have been acquired through securitization, nor can it have certain verboten features.
Read More

Short Takes: 40-Day Delays in Closings Because of TRID? / Good News Though / NAIHP Weighs in on TRID / Cordray Skips Out of NAR, Angering Many / Ocwen’s Head Count

May 13, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Plenty of attendees at NAR were steamed that after CFPB Director Richard Cordray made his remarks about TRID that he left the meeting without taking a single question from the audience.
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MBA Sends 22-Page Letter to CFPB Asking Specific Questions About TRID

May 12, 2015
Paul Muolo and Thomas Ressler
As the TRID deadline moves closer, industry anxieties are getting stronger and more specific in nature.
Read More
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