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 ...
West Capital Lending Inc. has filed a federal lawsuit accusing its cross-town rival, loanDepot.com LLC, of operating an ...
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 ...
LO Comp, Clawbacks, and the Mistake That Is Costing You Thousands,” featured MaxClass CEO LaDonna Lockard as moderator and Jeana Lanktree, the company’s director of training and compliance. They ...
What started as a post on LinkedIn, turned into real conversation. In my post and via a separate outreach, I asked for perspectives on LO Compensation reform, and more than 30 industry professionals ...
With all of this talk about replacing people in our biz, could this be a future mortgage banker’s conference? Delta is moving toward eliminating set prices in favor of AI that determines how much you ...
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 ...
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