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 ...

Richard Andreano Jr., John Culhane Jr. The filings indicate that each item is in the pre-rule stage. Of great significance, the filing with regard to the Regulation Z loan originator compensation rule ...

West Capital Lending Inc. has filed a federal lawsuit accusing its cross-town rival, loanDepot.com LLC, of operating an ...

There have been eleven bank closures so far in 2011, four of which occurred last Friday. The First State Bank (OK) was sold to Bank 7 (OK), Evergreen State Bank (WI) was sold to McFarland State Bank ...

The Community Home Lenders of America (CHLA) submitted a letter to the Consumer Financial Protection Bureau (CFPB) in support of changes to the loan originator compensation rule, telling CFPB Director ...

Strong volume and additional headcount results in total loan compensation paid out up over 100% compared to Q4 of last year LBA Ware reviewed account data for mortgage lenders who used CompenSafe to ...

More brokers and business owners have been reaching out to my office with concerns. What’s on their minds and causing such distress? Preserving company profits which are not coming very easy right now ...

The Federal Reserve Board today announced final rules to protect mortgage borrowers from unfair, abusive, or deceptive lending practices that can arise from loan originator compensation practices. The ...

It is the last day of January already? Time flies. This year we have 4 unusual dates: 1/1/11, 1/11/11, 11/1/11 and 11/11/11. Is it a coincidence that you can take the last 2 digits of the year you ...

The National Association of Mortgage Brokers (NAMB) on Monday issued a statement about the Community Home Lenders of America (CHLA)’s white paper on LO compensation reform, supporting some parts of ...

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 ...

Do you know how your mortgage loan officer is compensated? You should if you plan to buy a home, because your loan officer's compensation could have the potential to affect your mortgage loan – and ...