Find a new way to criticize LO Comp? Hold my beer! As we open the Mortgage Bankers Associations’ 2026 Annual Conference in my hometown of Chicago,[1] my Chrisman Commentary friends reminded me that readers seem to enjoy Musings in which I complain about the Loan Originator Compensation Rule. Yet, after writing over half a dozen […]
And What That Means for RESPA Reform Two days after I co-hosted a lively collegial Mortgage Law Today[1] All-Star RESPA nerd panel putting RESPA’s Section 8[2] on the hot seat by asking whether we need RESPA at all, Brian Johnson[3] was put on the hot seat for his Senate Banking confirmation hearing to serve as CFPB Director. Although RESPA never
Ed. #109: RESPA §8 Regulates Conflicts of Interest Read More »
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
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