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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Short Takes: Nationstar Hiring? / Ocwen for Sale? / Is it Safe for Nonbanks to Start Originating Seconds? / A Capital Break for MSRs? / Impac Posts Loss

March 26, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Is it possible that Ocwen will sell the entire company and not just all of its agency servicing rights?
Read More

It’s Time to Scale Back Dodd-Frank, Industry Says

March 25, 2015
Thomas Ressler
Mortgage professionals overwhelmingly believe the Dodd-Frank Act should be revised, removing barriers to innovation and to reduce the cost of manufacturing a mortgage.
Read More

Short Takes: Will SCOTUS Allow Underwater Seconds to be Dismissed? / And Now a Word from RoundPoint / GSE Conservatorships: Long, Strange Trip, Man / A GSE Bill Passing? Not Likely / More on Nationstar

March 25, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Although RoundPoint isn’t taking any questions regarding a possible sale of the company, it recently published a statement regarding its co-issuance and subservicing businesses.
Read More

Mortgage Industry So-So on CFPB Servicing Changes Tied to RESPA-TILA

March 24, 2015
Thomas Ressler
The CFPB amendments cover nine primary topics, including force-placed insurance and loss mitigation...
Read More

CFPB Moves Forward on Sharing Complaint Narratives; Lenders Not Happy

March 19, 2015
Thomas Ressler
Still, industry representatives were less than thrilled, including the Consumer Bankers Association.
Read More

Industry Asks for ‘Soft’ Enforcement Period on TRID

March 19, 2015
Thomas Ressler
In total, 16 groups signed the letter, including the American Bankers Association, the Community Mortgage Lenders of America, and the National Association of Realtors...
Read More

CFPB Chief Cordray Continues to Defend ‘Rate Checker’ Tool

March 11, 2015
Thomas Ressler
The CFPB seems to be spending quite a bit of time defending its "rate checker" tool, which is still in beta testing.
Read More

An Onslaught of Legislation to Change the CFPB? QM a Target

March 10, 2015
Thomas Ressler
Bills are expected to include provisions such as providing “qualified mortgage” status for many portfolio loans, with a much broader impact than the CFPB’s recent proposal.
Read More

Short Takes: HARP, Withering on the Vine / It’s All About ‘Private’ Capital / Sticking Up for Southie / 2055 Was Right, 2015 Was Wrong

March 5, 2015
Paul Muolo and Thomas Ressler
HARP volume fell a stunning 75.9 percent in 2014. So is it time to stick a fork in the program and call it a day?
Read More

CFPB to Fully Enforce ‘TRID’ When August 1 Rolls Around

March 4, 2015
Thomas Ressler
The nation’s top consumer regulator told lawmakers the bureau has already provided an extended implementation period of 21 months...
Read More
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