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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Supreme Court Accepts Mt. Holly Case on Disparate Impact

June 17, 2013
Thomas Ressler
The Supreme Court will hear weigh in on fair lending laws and disparate impact in the case of Township of Mount Holly v. Mt. Holly Gardens Citizens in Action, Inc.
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SCOTUS to Decide Monday if It Will Accept Disparate Impact Case

June 14, 2013
Thomas Ressler
The Supreme Court of the United States is expected to announce on Monday, June 17, whether it will grant the petition for certiorari in the disparate impact case of Township of Mount Holly v. Mt. Holly Gardens Citizens in Action, Inc.
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Short Takes: Blatant Housing Discrimination Falls/ Housing Growth Boosts Economy, says Fannie Economist/ GSE Shareholder Petition Drive Losing Steam/GOP Subcommittee Chair Plans CFPB Budget Hearing

June 14, 2013
George Brooks, Thomas Ressler, and Charles Wisniowski
Overt acts of housing discrimination may have declined significantly but subtle forms of racial bias continue against minority home purchasers or renters nationwide, according to a new study released by the Department of Housing and Urban Development and the Urban Institute.
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Lenders Fearful of Fair Lending Claims as ATR Draws Near

June 12, 2013
Thomas Ressler
Speaking at a trade show gathering, the ABA's Chris Lewis urged bankers to educate upper management as well as front-line loan officers about the finer nuances of the Consumer Financial Protection Bureau’s ATR rule.
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Will Non-QM Mortgages be the New Subprime?

June 11, 2013
Thomas Ressler
One banker said her institution might opt to do only non-Qualified Mortgage lending, just for simplicity’s sake.
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CFPB Issues Compliance Guides for Residential Lending, Servicing

June 10, 2013
Thomas Ressler
The Consumer Financial Protection Bureau has issued two new compliance guides but is warning that they are not substitutes for the underlying rules.
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Short Takes: Cash-Out Refis, a Thing of the Past? / Fannie, Freddie Shareholder Petition Takes Off / John Paulson Bets on MI Firms / MGIC Reports Better Numbers / How to Analyze Your Shop for a CFPB Exam

June 10, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Will cash-out refinancings ever return? Meanwhile, a new petition posted on the White House website that might helps GSE shareholders is taking off.
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CFPB’s Changes to Points and Fees Makes Calculating Compensation Easier

June 7, 2013
Thomas Ressler
By excluding from the points and fees calculation compensation paid by creditors and mortgage brokers to their employees, the bureau prevents some double counting.
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Short Takes: Here Come the Mortgage Layoffs? / Genworth Sheds Jobs / Bay Equity Liberalizes Underwriting / Wells Fargo Settles with HUD on REO / CFPB-FDIC Meeting Closed to Media

June 6, 2013
George Brooks, Brandon Ivey, Paul Muolo, and Thomas Ressler
Will the nation's megabanks begin shedding mortgage workers if loan applications don't rise soon?
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Federal Reserve Examining CFPB’s Use of Enforcement Attorneys in Audits

June 4, 2013
Thomas Ressler
The Inspector General of the Federal Reserve has initiated an evaluation of the CFPB’s integration of enforcement attorneys into its examinations of banks and nonbanks.
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