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Home » Authors » Thomas Ressler

Thomas Ressler

news@imfpubs.com
Articles

ARTICLES

Nonbank and Community Lenders Push for ‘Hold Harmless’ Enforcement on TRID

April 16, 2015
Thomas Ressler
Certain factions of the industry want the CFPB to develop a plan to provide implementation support during a restrained enforcement period following the Aug. 1 effective date.
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Short Takes: So Much for the Moratorium on Captives Joining FHLBs / Nonprofits Stand Up for Ocwen / Ocwen Layoffs? / Time to Exit SFR? / CFPB Rule Update

April 16, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Is the bloom off the rose in the single-family home rental market? Some institutional investors are shedding assets.
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Points-and-Fees Language Passes House but White House Veto Looms

April 15, 2015
Thomas Ressler
Hours before the House vote, word came from the White House that President Obama would veto the measure.
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Short Takes: Wall Street Firm Eyeing Mortgage Purchase? / SEC Won’t Take Action Against Carrington / Applications Decline Slightly / Relief for ‘Trailer Park’ Loans? / loanDepot Gets New Chief Credit Risk Officer

April 15, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
The Wall Street firm hunting for mortgage acquisitions is not a depository like JPMorgan Chase...
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Top Lenders Will Accelerate Their Closing Processes for TRID

April 13, 2015
Thomas Ressler
BofA and Chase are among the lenders that will move up their consumer-disclosure related processes.
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CFPB Acts Against Mortgage Lender, Alleges Deceptive Advertising

April 9, 2015
Thomas Ressler
The CFPB brought an enforcement action against RMK Financial Corp., a California-based mortgage lender, for allegedly using deceptive mortgage advertising practices, including ads that led consumers to believe that the company was affiliated with the U.S. government.
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Short Takes: Capital Hill Update/FHLB Tidbit/Freddie Takes L.A.

April 9, 2015
Carisa Chappell, Brandon Ivey, and Thomas Ressler
…
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Is Credit Too Tight, Are Prices Too High or Are Borrowers Too Broke?

April 9, 2015
Thomas Ressler
George Mason University real estate professor Anthony Sanders, a former head of asset-backed and mortgage-backed securities research at Deutsche Bank, took issue this week with a recent report from the Urban Institute which suggested that residential mortgage credit is still too tight because there are 4 million fewer mortgages originated this year than in 2001, before the housing bubble.
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Mortgage Lenders Support Modifying CFPB Structure

April 9, 2015
Thomas Ressler
The Mortgage Bankers Association sent a letter to House Republican leadership on Tuesday in support of three bills that would restructure the Consumer Financial Protection Bureau.
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Short Takes: Fed Watch/Rate Update/PMIERs Pending/More For The Portfolio/Don't Robo-Call Me, Bro

April 8, 2015
Thomas Ressler
FED WATCH: Voting members of the Federal Reserve Open Market Committee, not surprisingly, were at odds over a possible June rise in interest rates, according to the minutes of the FOMC’s March 17-18 meeting. RATE UPDATE: Mortgage rates didn’t change much this week, as the benchmark 30-year fixed mortgage rate was constant at 3.82 percent, according to Bankrate.com's weekly national survey.
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