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Home » Authors » Thomas Ressler

Thomas Ressler

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Articles

ARTICLES

CFPB Finalizes ATR Amendments for Small Creditors, Revises LO Comp Calculation

May 30, 2013
Thomas Ressler
The revised rule excludes from the calculation of points and fees paid by a consumer to a mortgage broker when that payment has already been counted toward the points-and-fees thresholds as part of the finance charge.
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Coming June 1 From the CFPB: Ban on Mandatory Arbitration

May 29, 2013
Thomas Ressler
The CFPB's ban on mandatory arbitration provisions was part of the bureau’s final rule on loan originator compensation promulgated in January.
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Short Takes: Nonperforming Loan Prices Continue to Rise / CFPB Ready to Issue Rule for Small Lenders / Speculators Won’t Like Isakson’s GSE Bill / Applications Tank Again / LenderLive in New Mortgage Effort

May 29, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
The auction market for nonperforming mortgages is beginning to generate heat with prices rising nicely from last year.
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Short Takes: No Confirmation Hearing for Watt, Yet / Should Fidelity be Allowed to Buy LPS? / Short Selling in REITs Falls / $2.3 Billion of Foreclosure Relief Checks and Counting / A Clarification

May 28, 2013
Paul Muolo and Thomas Ressler
The Senate Banking Committee has yet to schedule a confirmation hearing for Mel Watt to head FHFA. Does this lack of action mean anything?
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Short Takes: New York Slow on Loan Officer Approvals / GSEs Win Transfer Tax Case / Will the CFPB Unionize? / City National Enters Warehouse Space / Fay Servicing to Ramp up Hiring

May 21, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
New York State may be among the worst in the nation when it comes to approving loan officer applications.
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Sen. Reid Won’t Give Up on Confirmation Hearing for Cordray

May 20, 2013
Thomas Ressler
Sen. Harry Reid is vowing that CFPB director Richard Cordray will get another vote in the Senate.
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Short Takes: MBA Offers G-Fee Deal, but Will FHFA Take It? / Wells and Citi Slowing Foreclosure Sales (Sort of) / Sen. Crapo Wants Answers from CFPB on Data Collection / Bayview Gets Hungry for NPLs, MSRs…

May 20, 2013
Paul Muolo and Thomas Ressler
The Mortgage Bankers Association wants lower guaranty fees from Fannie Mae and Freddie Mac but is willing to barter for them.
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Federal Reserve May Dial Back on MBS Purchases Soon

May 17, 2013
Thomas Ressler
Since the housing bust, the Federal Reserve has purchased roughly $1.1 trillion of MBS backed by Fannie Mae, Freddie Mac and Ginnie Mae.
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Short Takes: Okay, Who Paid $100,000 for Fannie Preferred? / Warehouse Firms Loosen HARP Standards / Mortgage Apps and Housing Starts Get Whacked / Ellington Investing in Toxic MBS / CFPB Goes Spanish

May 16, 2013
Paul Muolo and Thomas Ressler
One investor paid $100,000 per unit for a special class of Fannie Mae preferred.
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Mortgage Deduction Maximized on the Coasts, Costs U.S. $72 Billion Annually

May 14, 2013
Thomas Ressler
The mortgage interest deduction is costing the U.S. Treasury roughly $72 billion a year.
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View All Articles by Thomas Ressler

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