About Mortgage Musings
The Mortgage Musings are just Brian Levy's takes on the mortgage business and other stuff: (i) it isn’t intended to be legal advice or a chore to read, (ii) I’m not doing it to get business (but if it helps, I won't complain), and (iii) if you need legal counsel for anything either (a) call me directly, or (b) call one of the many other good mortgage banking attorneys I mention in my blog. I welcome your feedback.
Latest Posts
Ed. #108: In Praise of CFPB Humility
But Regulators Are Not Orcas These Musings have spent the better part of the past 6 ½ years expressing my frustration at the lack of regulatory humility demonstrated by the nation’s consumer financial regulator (CFPB). But something unprecedented in the CFPB’s relatively short history happened without much fanfare[1] in late May that deserves recognition and praise from this […]
Ed. #107: The Strait of Homer(z)
A couple months ago I was complaining about the lack of inspiration for my Musings, suggesting that CFPB is basically implementing (albeit with questionable durability), my preferred deregulatory guidance, leaving me uninspired. Well, thanks to current world events, a new movie on Homer’s The Odyssey, the CFPB and the Trump Administration , I’m offering this cynical take (highlighting my penchant […]
Ed. #106: Robust Causality & Fair Lending
What’s a mortgage compliance officer to do now? On a recent mortgage industry podcast, I was asked what mortgage originators should be doing today to be compliant with fair lending. I must admit, even after sitting through multiple fair lending panels at the MBA’s Legal Issues and Regulatory Conference (LIRC)[1] earlier this month with outstanding insights […]
Ed. #105: Irony, CFPB as Inspiration, and Market Power
Mortgage “Amusings” for long form readers Isn’t it ironic[1] Before Elizabeth Warren sounded alarms about the dangers of consumer finance in the US which led to the creation of the Consumer Financial Protection Bureau (CFPB) and the vast array of regulations that “protect” consumers from those evils, Ralph Nader was the most famous person shouting […]