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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Equifax, Experian Top the CFPB Complaint List; Mortgage Gripes Down

April 6, 2016
Thomas Ressler
Total gripes to the bureau slid 5.0 percent in the first quarter and were off 3.0 percent on an annual basis...
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Former FTC Official: CFPB Rules Have Driven Small Banks out of the Mortgage Business

April 5, 2016
Thomas Ressler
By imposing a one-size-fits-all mechanical underwriting system for mortgages, the QM rule has deprived community banks of a significant competitive advantage over megabanks, he argued…
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GAO Suggests Congress Give the CFPB More Power. What?

April 4, 2016
Thomas Ressler
Give the CFPB even more power? The GOP likely would not stand for such a thing...
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In New Era of LO Comp, Nonbanks Have the Edge. Can Banks Even Compete?

March 24, 2016
Thomas Ressler
Employment and pay prospects are looking up for loan brokers as well.
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CFPB Smooths the Way for More Small Lenders to Offer ‘Balloons’ in Rural Areas

March 23, 2016
Thomas Ressler
Prior to the HELP Act, a small lender was only eligible for these provisions if it operated predominantly in rural or underserved areas.
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We Know What Mortgage Lenders Think of TRID, but What About Consumers?

March 23, 2016
Thomas Ressler
On the other hand, 63 percent said the new forms for loan estimates and closing disclosures were easier to understand...
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CFPB’s Cordray: ‘Diagnostic’ Approach to TRID Still in Effect, But…

March 17, 2016
Thomas Ressler
Whether mortgage lenders get any additional, official clarification or guidance regarding the TRID rule is another matter entirely.
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‘Scratch & Dent’ Market for TRID Loans Continues Apace; Agency Decides to Host a Webinar

March 16, 2016
Paul Muolo and Thomas Ressler
Some lenders report they have totally adjusted to the new TRID disclosures, while others continue to be plagued by errors and delays.
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Short Takes: Why Won’t the CFPB Answer the Industry’s Questions? / Competition for W.J. Bradley Talent? / Cherry Hill REIT Buys MSRs / Clear Capital Affirmed / Executive Bolts Stonegate for FGMC

March 16, 2016
Brandon Ivey, Paul Muolo, and Thomas Ressler
A day after the news broke that W.J. Bradley Mortgage has shut its doors, competition is heating up for some of its top loan officer and executive talent...
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CFPB Chief Cordray Defends Enforcement Approach

March 10, 2016
Thomas Ressler
“I think that criticism is badly misplaced,” said CFPB Director Richard Cordray during a speech before the Consumer Bankers Association in Phoenix.
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