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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Short Takes: Former FHA Chief Stands With Quicken / No FCA for Stevens / Cherry Hill Posts Small Loss / Nomura Loses / Biweekly Provider in CFPB Crosshairs / Milestone for DocMagic

May 12, 2015
Carisa Chappell, Brandon Ivey, Paul Muolo, and Thomas Ressler
Stevens also said that while he was FHA commissioner he chose not to go after lenders for violating the False Claims Act because he said such actions would have opened a “Pandora’s Box.”
Read More

Trade Group Calls for Disclosures on Loan Officer Qualifications

May 6, 2015
Thomas Ressler
Such disclosures also should show whether the LO has passed the SAFE Act test.
Read More

Fears Over TRID’s Impact Intensify as Clock Ticks

May 5, 2015
Thomas Ressler
As the TRID deadline approaches industry anxieties are getting stronger and more specific in nature.
Read More

Short Takes: Lab Test Says GSEs Might Need $157B. What? / GOP Congressman Wants GSE Profits Used to Pay Down the Debt / CFPB Slams Title Firm Executives / CFPB Attorney Leaves for the Private Sector

April 30, 2015
Carisa Chappell, Paul Muolo, and Thomas Ressler
But not to worry: the FHFA said the projections were mandated under the Dodd-Frank Act, cautioning that its estimate is just that, and not an expected outcome….
Read More

Senate to Mark Up Regulatory Relief Bill Mid-May; QM Status for Portfolio Loans?

April 29, 2015
Thomas Ressler
It’s likely that provisions to automatically designate residential loans held in portfolio as qualified mortgages will be included in a legislative package...
Read More

Short Takes: Dead Silence on GSE Reform / EverBank Dumps More MSRs / Brian Libman’s Work History / The Ocwen Watch

April 29, 2015
Paul Muolo and Thomas Ressler
Nationstar will take title to $6.7 billion of Fannie Mae, Freddie Mac and private investor product owned by EverBank...
Read More

Seasoned Investors Push CFPB for Changes to its ‘Mini-Corr’ Guidance

April 24, 2015
Thomas Ressler
On the issue of mini-correspondent lending, a group of secondary market investors has offered alternative criteria it recommends the CFPB use...
Read More

Realtors Continue the Drumbeat: Mortgage Credit is Too Restrictive

April 22, 2015
Thomas Ressler
Then there was Bert Ely who noted: "In my opinion, American housing policy is leading the country down the same path that led to the last housing bubble..."
Read More

Hoping and Praying that the CFPB Goes ‘Soft’ on TRID

April 21, 2015
Thomas Ressler
A period with protection against liability would allow the CFPB to evaluate any unforeseen issues stemming from TRID.
Read More

Short Takes: MBA Backs Changes at CFPB / A Strong Quarter from MGIC / The Weekend the Lights Went out at FHA / S&P Puts Ocwen on Watch List / Executive Bolts Ocwen for Green River

April 21, 2015
Paul Muolo and Thomas Ressler
The MBA is backing changes to how the CFPB functions...
Read More
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