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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

It Finally Looks Like Mortgage Underwriting Standards are Easing

September 29, 2017
Thomas Ressler
The easing of underwriting standards was most dramatic for loans eligible for sale to Fannie Mae and Freddie Mac…
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CFPB Fines Meridian Title $1.25 Million for ‘Steering’

September 28, 2017
Thomas Ressler
Meridian consented to the action without admitting or denying any wrongdoing.
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Examiners Continue to Find Mortgage Servicing Failures

September 28, 2017
Thomas Ressler
In recent exams, CFPB examiners found that one or more servicers received incomplete loss mitigation applications…
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Short Takes: Trade Groups Take Aim at HUD IG Report on Nonbanks / A Pejorative Phrase for Lenders? / CFPB’s Cordray Continues to Master the Phrase ‘No Comment’ / A Gain for PRMG

September 27, 2017
Paul Muolo and Thomas Ressler
In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative…
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The Game Continues: CFPB’s Cordray Sounds Like a Politician to Some, but Others Doubt He Will Run

September 25, 2017
Thomas Ressler
To some, CFPB Director Richard Cordray does not sound like a candidate…
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CFPB Modifies ‘Equal Credit’ Regs, Giving Lenders Additional Flexibility

September 21, 2017
Thomas Ressler
Originators will not have to maintain different practices based on their loan volume…
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Why Should Lenders Go ‘Digital’? Because That’s Where the Customers Are

September 21, 2017
Thomas Ressler
“Everybody’s going online to shop for most of their products, and mortgages are starting to happen the same way,” said Tim Anderson, director of eServices for DocMagic, during an Inside Mortgage Finance webinar…
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Short Takes: Did Wells Dodge a Bullet on its CFPB Fine? / A ‘Recommendation Memorandum’ / No Effect on Wells’ Mortgage Business / Subject the CFPB to Appropriations / Stearns Goes ‘Digital’

September 20, 2017
Brandon Ivey, Paul Muolo, and Thomas Ressler
Wells Fargo could have been subject to a whopping $10 billion fine...
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Federal Court Sanctions the CFPB for Deposition Conduct

September 19, 2017
Thomas Ressler
When the depositions finally occurred, a CFPB witness used “memory aids” to deliver rote, sometimes unresponsive answers to questions.
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A Revision Coming for the Definition of ‘Home Mortgage Loan’ (CRA Changes)

September 14, 2017
Thomas Ressler
The amendments could take effect at the start of 2018…
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