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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Did QE Put the Fed in a Box from Which it Can’t Escape?

March 17, 2017
Thomas Ressler
An interview this week with Peter Schiff, CEO of Euro Pacific Capital and a perennial critic of the Federal Reserve, suggests that the extraordinary level of support the U.S. central bank gave to the housing and mortgage markets in the wake of the financial crisis may mean the Fed is stuck between a rock and a hard place.
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CFPB Sticks Nationstar With $1.75M Fine for Flawed HMDA Reporting

March 16, 2017
Thomas Ressler
The Consumer Financial Protection Bureau fined Nationstar Mortgage $1.75 million this week for allegedly violating the Home Mortgage Disclosure Act.
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PHH Corp. Continues Defense in CFPB RESPA Dispute

March 16, 2017
Thomas Ressler
PHH Corp. and related parties again made a full defense of their position in their legal struggle with the CFPB over alleged misconduct under the Real Estate Settlement Procedures Act.
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Another Day, Another Executive Order

March 15, 2017
Thomas Ressler
President Trump began the week by signing yet another executive order to roll back the reach of the federal government – this one promoting “a comprehensive plan for reorganizing the executive branch.” But unlike some of the earlier EOs from the White House, the odds seem to be higher that this one may apply to the Consumer Financial Protection Bureau....
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Nationstar in the CFPB’s Crosshairs Over HMDA Reporting

March 15, 2017
Thomas Ressler
Nationstar, the residential mortgage servicer, revealed recently it is being investigated by the CFPB over issues related to complying with the Home Mortgage Disclosure Act....
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Short Takes: Mortgage Apps Up/Moody's Upgrades a Wells MBS/Quicken Finds Appraisal Disconnect/the FOMC Concludes its Meeting

March 15, 2017
Thomas Ressler
Mortgage applications rose 3.1 percent, on a seasonally adjusted basis, for the week ending March 10, 2017, versus the week before, the Mortgage Bankers Association announced Wednesday morning. The MBA's Refinance Index rose 4 percent, and its Purchase Index was up 2 percent…
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AGs from 15 States Back PHH in CFPB Case, Citing Constitutional Issues

March 14, 2017
Thomas Ressler
The AGs claimed that the CFPB’s governance structure violates the separation of powers in ways that directly undermine the interests of federalism.
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RESPA Legal Experts Cite Troubling Behavior in CFPB-Prospect Mortgage Case

March 9, 2017
Thomas Ressler
Earlier this year, the CFPB brought a $3.5 million enforcement action against Prospect Mortgage, accusing the firm of illegal kickbacks for referrals from two real estate brokers…
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Top Mortgage Compliance Attorneys Say Realtors are Now on the CFPB’s RESPA Radar Screen

March 9, 2017
Paul Muolo and Thomas Ressler
One loan officer told IMFnews: “Frankly, if you violate a provision of RESPA, you should be fined.”
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Appeals Court in PHH Case Lets Government File Late, Blocks Intervenors

March 9, 2017
Thomas Ressler
Under the Obama administration, the department backed the CFPB. But that was then…
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