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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

It’s Time for the Fed to Scale Back its MBS Holdings, Former Fannie Economist Says

May 9, 2017
Thomas Ressler
The former Fannie Mae economist suggested the Fed should decide to have a measured reduction in its MBS holdings…
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CFPB Wants Public Input on Mortgage Servicing Rule

May 5, 2017
Thomas Ressler
The bureau specifically invited mortgage loan servicers and other industry representatives to comment on its assessment plan...
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House Financial Services Panel Passes Hensarling’s CHOICE Act

May 4, 2017
Thomas Ressler
Democrats unsuccessfully pushed amendments that would try to keep President Trump, anyone in his administration or any of his businesses from benefitting from any provision in H.R. 10.
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Procedural Move by Dems Slows Markup of Financial CHOICE Act

May 3, 2017
Thomas Ressler
During debate on H.R. 10, the Democrats used a procedural maneuver to force a reading of a large portion of the bill’s text…
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House Financial Services Committee Begins Markup of ‘CHOICE’ Act; Process Could Last Days

May 2, 2017
Thomas Ressler
The Mortgage Bankers Association, for its part, expressed strong support for some provisions of the Hensarling bill…
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Democrats to Have Their Own Hearing on ‘Wrong Choice’ Act

April 28, 2017
Thomas Ressler
The Republicans made a big splash earlier this week promoting the Hensarling bill, motivating the Democrats to employ a parliamentary ploy that has not been used in the committee in 20 years.
Read More

CFPB Continues to Find Problems with Mortgage Servicing Practices. Are There Other Ocwens Out There?

April 27, 2017
Thomas Ressler
Other servicing-related issues identified include premature foreclosure filings, mishandling of escrow accounts, incomplete periodic statements and dual tracking.
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Ocwen Elevates its Legal Battle Against the Regulatory Establishment, Asks Court to Decide if the CFPB is Unconstitutional

April 26, 2017
Thomas Ressler
Ocwen’s counsel includes Goodwin Procter LLP, which also is representing PHH Corp. in its legal battle against the agency…
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Meanwhile, in the PHH Case, DOJ Gets 10 Minutes

April 26, 2017
Thomas Ressler
The DOJ, as anticipated, switched sides in this dispute after President Trump took office.
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CFPB Proposes Clarifications to HMDA Rule; What Exactly is an ‘AU’ System?

April 25, 2017
Thomas Ressler
Such loan terms as “temporary financing” and “automated underwriting system” would be clarified…
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