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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

RESPA/TILA Integration Could be a Total Nightmare, Experts Say

September 12, 2014
Thomas Ressler
One webinar panelist noted: "It reconfigures every disclosure that we had before."
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How Much Capital is Enough for a Nonbank?

September 11, 2014
Thomas Ressler
Capital standards for nonbank mortgage firms is inevitable. But what should the requirement be?
Read More

Sen. Warren Grills Regulators Over Lack of Mortgage Banker Prosecutions

September 10, 2014
Thomas Ressler
Sen. Richard Shelby, R-AL, agreed with Warren’s criticism of the government’s failure to prosecute individual bankers, but he faulted the Department of Justice, not financial regulators...
Read More

Short Takes: Nonbanks Rule in the Capital Category? / Don’t Even Ask About the Wells-Ocwen MSR Deal / Mortgage Applications Tank / Fannie and Freddie Beat the Tax Man / Cordray on HMDA

September 10, 2014
Paul Muolo, Thomas Ressler, and Charles Wisniowski
We understand that when stock analysts meet with Ocwen management, executives at the nonbank usually tell them to not even ask about the deal.
Read More

CFPB: Mortgage Lenders Need to Get With the TRID Now

September 9, 2014
Thomas Ressler
The CFPB also is working with other regulators to help ensure consistency in their examinations of mortgage lenders...
Read More

Short Takes: GSE Reform is Dead, Right? / Sen. Warren Wants Wall Street Scalps / If There’s Hope, It Lies With HELOCs / Mortgage Master Continues to Recruit LOs

September 9, 2014
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Roughly 25 percent of lenders said they hope to enter the home equity lending market over the next 12 months.
Read More

Industry Continues to Battle the CFPB Over Unchecked Complaint Narratives

September 5, 2014
Thomas Ressler
“The CFPB’s plan will feature only one side of the story, and such one-sided accounts will not advance the CFPB’s mission of better informing and helping consumers,” said FSR chief Tim Pawlenty.
Read More

Mortgage Industry Still Has Questions on Servicing Transfers

September 4, 2014
Thomas Ressler
“When you get guidance, you don’t always like everything you get," said Bob Davis of the American Bankers Association.
Read More

New York Attorney General, CFPB Target More Mortgage Relief Firms

August 29, 2014
Thomas Ressler
The New York AG has secured a temporary restraining order barring the loan mod companies from collecting advance fees. The state's top cop also froze their bank accounts.
Read More

CFPB Answers Industry Questions on RESPA/TILA Disclosures

August 27, 2014
Thomas Ressler
Some lenders asked the CFPB if creditors are required to provide revised loan estimates on the same business day that a consumer or LO requests a rate lock.
Read More
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