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Home » Authors » Thomas Ressler

Articles by Thomas Ressler

Short Takes: A New FHFA Director to Be Unveiled Soon? / Nonbanks and Jumbos? / Rep. Ryan Plan to Kill the GSEs DOA / Apps Take A Tumble / Sen. Elizabeth Warren, Silent but Not for Long

March 13, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Will the White House soon unveil its FHFA director candidate?
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GOP Voices Concern on CFPB Contract Expenses, No Vote on Cordray This Week

March 12, 2013
Thomas Ressler
The GOP wants to know why the CFPB has spent so much money on outside contractors.
Read More

CFPB Probing Ally’s Retail Financing Practices

March 11, 2013
Thomas Ressler
The SEC is investigating Ally Financial's retail lending practices but there are no additional details on the specifics.
Read More

NAFCU Worries About CFPB Definition of Finance Charge, Usefulness of ‘APR’

March 7, 2013
Thomas Ressler
The National Association of Federal Credit Unions is urging the Consumer Financial Protection Bureau to take another look at the usefulness of APR disclosures, among other things.
Read More

Short Takes: Fannie Selling $250 Million of NPLs? / Vericrest Names New CEO / Consumers Get a ‘Free Lunch’ of Lower Rates / LLPAs Not Going Away Soon

March 7, 2013
George Brooks, Paul Muolo, Thomas Ressler, and Charles Wisniowski
Fannie Mae is about to offer $250 million of nonperforming mortgages for sale in the secondary market.
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Short Takes: A 70-BP G-Fee May Lead to Private Conventional MBS / Impac’s Comeback Continues / Will Cordray Make the Cut This Time? / Ocwen Loses Chief Accounting Officer / MGIC, a Hot Stock

March 6, 2013
Brandon Ivey, Paul Muolo, and Thomas Ressler
Will a private conventional MBS market ever happen? If GSE g-fees keep rising, yes.
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Short Takes: Fear Surrounding FHA Compare Ratios / Popular Bank To Unload $1 Billion-Plus of Delinquent Loans / CFPB About to Get ‘Trimmed’ / Delinquencies Continue to Fall at Fannie / Okay, Who’s Servicing Sen. Warren’s Mortgage?

March 4, 2013
Paul Muolo and Thomas Ressler
Some lenders are concerned about the coming 'FHA Scorecard' and the ability of certain large funders to make their numbers look good.
Read More

Short Takes: Wells Hires Someone to Manage JVs / Cordray Will Be Confirmed? / Ocwen Posts Results but Analysts are Not Impressed / HUD Writing its Own QM Rule for FHA Loans

February 28, 2013
Brandon Ivey, Paul Muolo, and Thomas Ressler
Wells Fargo has not given up on mortgage lending JVs after all and has hired someone to manage them.
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Fed Chief Bernanke Open to Parity on QM and QRM

February 27, 2013
Thomas Ressler
The Federal Reserve is open to the idea of making the "qualified residential mortgage" definition in the pending risk-retention rule the same as that of the "qualified mortgage" standard.
Read More

QM Could Survive Ruling That Overturns Cordray Appointment

February 27, 2013
Thomas Ressler
The "Qualified Mortgage" rule will survive any legal testing of the authority of CFPB chief Richard Cordray.
Read More
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