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Volume 29 - Number 14

July 9, 2018

The War is Over: CFPB Deputy Director English to Resign

Leandra English, deputy director of the CFPB, announced late last week she will resign from the agency early this week, ending her legal fight to become the bureau’s acting chief. English said she made the decision “in light of the recent nomination of a new director,” according to a statement posted on the Twitter account of English’s attorney, Deepak Gupta. Gupta also posted a statement saying he and English will bring to an end a pending case that ...

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

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