Brian, Kevin and Rick catch up with industry attorneys Francis “Trip” Riley and Loretta Salzano.
Show record date: February 17, 2021
Items Discussed on this episode
–Two months into 2021, the conversation has shifted. The industry now anticipating a more aggressive enforcement environment, especially from CFPB. Do you agree?
–One of the areas the CFPB’s acting director mentioned would be targeted for enforcement will be servicing. How do you think that will play out?
–How about new laws and regulations–should we expect that as well?
–Bill Tessar (President of private lending firm Civic Financial Services, recently acquired by PacWest Bancorp) recently told MPA he expects a “winter of death” for the mortgage industry. (Article by David Kitai, 2/16/2021). Entering an era of “winners and losers,” more aggressive M&A, big players gobbling up medium-sized lenders, some of whom will struggle with the end of the refi boom and pivot to purchase. Do you agree?
–What’s the one storyline that will play out in 2021 that no one is discussing…YET?