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 ...

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 ...

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 ...

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 ...

"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 ...

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 ...

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 ...