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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

IG Expected to Issue Results of Two CFPB Audits by Month’s End

March 25, 2013
Thomas Ressler
Even though the Consumer Financial Protection Bureau is an independent agency, that doesn't mean it gets a pass on IG audits.
Read More

Short Takes: Phyllis Caldwell, FHFA Chief? / No Independent IG for CFPB? / Two Harbors Raises More Money / No Word on MBS M&A

March 25, 2013
Paul Muolo and Thomas Ressler
Who is Phyllis Caldwell, and why is she being mentioned for the FHFA job?
Read More

Federal Reserve Stays the Course on MBS Acquisitions

March 21, 2013
Thomas Ressler
The Federal Reserve will continue to gobble up MBS and other long-term bonds, which means mortgage rates should stay low.
Read More

Short Takes: CFPB Shows Some Love for the Industry? / Chamberlain to Head PNC Mortgage / Quicken Loans Owner Keeps Gobbling Up RE in Detroit / Gorman & Gorman Home Loans Sold

March 21, 2013
Paul Muolo and Thomas Ressler
Industry veteran Sy Naqvi is stepping down as CEO of PNC Mortgage.
Read More

Short Takes: Genworth Executive Bolts for Servicer / Hedge Funds Get Cold Shoulder from the GSEs? / Chimera Continues to Have Reporting Problems / The Cordray Saga Continues / PLS Modifications at 45 Percent

March 20, 2013
Paul Muolo and Thomas Ressler
Genworth is losing a top MI executive to a mortgage servicer. And more woes for Chimera...
Read More

Senate Banking Panel Approves Cordray to Head CFPB But GOP Isn’t Happy

March 19, 2013
Thomas Ressler
The Senate Banking Committee, as expected, approved the nomination of Richard Cordray to head the CFPB, but Republicans are not happy about the structure of the young agency.
Read More

Short Takes: New York AG Schneiderman and Other AGs Want DeMarco Replaced Now / Federal Reserve Banks Tapped for CFPB Expenses / Hallmark Enters Wholesale Arena / Two New Wholesale AEs for 360 Mortgage

March 18, 2013
Paul Muolo and Thomas Ressler
Nine Attorneys General, unhappy with the pace of loan modifications, are calling for the immediate dismissal of acting FHFA director Edward DeMarco.
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Vote Scheduled for Tuesday on Nomination of Richard Cordray to Head the CFPB

March 15, 2013
Thomas Ressler
On Tuesday the Senate Banking Committee will hold a vote on the nomination of Richard Cordray to head the CFPB. Does this mean the GOP is warming up to him or is something else afoot?
Read More

Points-and-Fees Legislation Would Supplant CFPB Definition

March 14, 2013
Thomas Ressler
Among other things, the bill removes from the calculation of fees and points Fannie Mae and Freddie Mac loan level price adjustments.
Read More

GOP Campaign Against the CFPB Opens on a New Front

March 13, 2013
Thomas Ressler
The chairman of the House Banking Committee wants clarification from the Federal Reserve on the central bank's transfer of funds to the CFPB.
Read More
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