“Cordray watch: As you know, the Judge Cameron Elliot ruled that PHH Mortgage should be fined $6.4 million with CFPB head Richard Cordray overruling the judge and raising the fine to $109 million. Cordray stated that the judge had “misunderstood” the case. Please read this last sentence again…

…Since when does a party to a judicial hearing get to decide on his own that a judge did not understand the case?  I don’t care if it was an administrative judge.  It’s not how we do things in America, and it seems like something you’d have seen in the Soviet Union or Nazi Germany.   These are, indeed, the times that try men’s souls.”, Excerpt from a June 2015 Mortgage Industry Newsletter

Posted on June 24, 2015, in Postings. Bookmark the permalink. Leave a comment.

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