The Community Home Lenders of America (CHLA) is proposing that the U.S. Congress scale back the loan originator compensation rule to its original intent: prohibiting yield spread premiums, an abusive ...

Some New York City mortgage brokers are panicked about new federal rules governing their pay, saying the changes could spell doom for the already ailing mortgage industry. Last month, the Federal ...

A class action lawsuit filed this week against loanDepot, alleging steering and violations of loan originator (LO) compensation rules, has brought to light practices used by lenders for years that ...

Mortgage Loan Compensation Report shows slight decrease in basis points paid LBA Ware, a provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the ...

The Mortgage Bankers Association has sent a letter and supporting materials to the Consumer Financial Protection Bureau providing its opinion on the CPFB's proposed rule on mortgage loan originator ...

Many residential mortgage lenders currently have loan compensation plans that provide for a payment to loan originators of one commission amount for loans funded by the lender, and a smaller ...

LO comp sounds simple. You close loans, you get paid. But between Reg Z, expense accounts, team splits, recruiting overrides, servicing income, and the fine print buried in every Loan Originator ...

"America is the only country where a significant proportion of the population believes that professional wrestling is real but the moon landing was faked." There is nothing fake about what is going to ...

Recently, a complaint was filed against loanDepot.Com, LLC (“loanDepot”) in the U.S. District Court for the District of Maryland alleging violations of the Truth in Lending Act (TILA)/Regulation Z ...