Ocwen Requests Oral Arguments in CFPB Case, Sans Trump’s DOJ November 7, 2017 Thomas Ressler The Trump White House has made it clear that it’s no fan of the CFPB, but the DOJ has yet to weigh in on the case…Read More
Special Counsel Clears Cordray of Election Law Violations November 6, 2017 Thomas Ressler The Office of Special Counsel found no evidence that the CFPB's Richard Cordray violated the Hatch Act.Read More
A New Fed Chairman is Picked but that Might be the Only Major Change at the Central Bank November 3, 2017 Thomas Ressler “There was no drama surrounding this meeting of the FOMC,” said Michael Fratantoni, chief economist for the Mortgage Bankers Association.Read More
Rep. Hensarling to Retire. Speculation Immediately Begins on FHFA, CFPB Jobs November 1, 2017 Thomas Ressler “The other natural job would be as CFPB director,” the Cowen analyst continued. “That said, Hensarling has shown much greater interest in housing finance…”Read More
CFPB Will Rely on Tech Tools for Regulatory Oversight October 27, 2017 Thomas Ressler The CFPB plans to develop and maintain technology solutions for coordinating supervisory information...Read More
Trade Groups Press Lawmakers to Pass TRID Improvement Bill October 26, 2017 Thomas Ressler Currently, the bureau does not permit title insurance companies to disclose available discounts…Read More
Industry Urges Congress to Tweak QM Points-and-Fees Cap October 25, 2017 Thomas Ressler Moreover, escrowed homeowners insurance premiums may count as “points and fees” due to ambiguous drafting in the regulation…Read More
Mortgage Complaints Filed with the CFPB Fell Yet Again October 24, 2017 Thomas Ressler Mortgage servicing-related gripes fell 26.3 percent in the third quarter…Read More
Ocwen Settles With Arkansas, DC, Tennessee; Hatchet Now Buried With 20 Jurisdictions October 17, 2017 Thomas Ressler Investors are still waiting for Ocwen’s biggest outstanding dispute – the one with the CFPB – to be settled, one way or the other.Read More
CFPB Eyeballing New Disclosures for Reverse Mortgages? October 17, 2017 Thomas Ressler In recent months, the consumer bureau has expressed concerns about the risks associated with reverse mortgages. Read More