However, if the court had extended the stay, it would have been a much more positive sign that this court believed that the Fed rule could be overturned. This is but one court; however, it is an appellate court. Either the attorneys for the plaintiffs believe that the Supreme Court will not hear their petition for a stay or they have no legal grounds to appeal it further.

HECM Dude,

You are simply capitulating to the position that the consumer advocates want. HOWEVER, that does not make your decision a bad one.

It seems the next attack from consumer advocates against the mortgage industry as a whole will be on what constitutes a branch. The rumblings of that assault could be heard, buried in the remarks of one HUD official at the NRMLA conference in Newport Beach when he gave a pointed one-liner about “net branches.” You may very well be running out of the frying pan directly into the fire.

Like many other regulated industries, private ownership changes over time even though the real players do not. Perhaps your conclusion is premature but even the timing is a decision you must make.

Once the lender playing field shrinks down yet further, the true nature of the CFPB will surface and we will see where we are headed. With capacity qualification and the future of the lending limit still very much in question, the assaults on our industry are just beginning. Some of the attacks will be against the mortgage industry as a whole with our industry as an after thought at best. Other will be specifically AIMED at us.

I hope your decision proves to be THE best answer for you.