Tag Archives: Mortgage Broker Compensation

The LO Compensation Fed Rule Scandal

The Fed Rule on Loan Officer Compensation was written and is based on four reports. Two were pro-broker and two were anti-broker. Well the Fed has opted to ignore the more scientific pro-broker studies, in favor of one extremely shallow study, and another that was conducted by two billionaires that got rich in the sub-prime [...]

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The Federal Reserve Housing Recovery Sabotage

The Federal Reserve’s LO Compensation Rule is literally sabotaging our housing recovery. Recent home statistics. A business to business (B2B) strategy that’s easy and works! NAMB & NAIHP working together to put the squeeze on the Fed Rule. LO Compensation in depth webinar today. Download as PDF

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The Call to Delay FRB LO Compensation Continues

The Call to Delay FRB LO Compensation Continues Republicans send letter to FRB asking to delay LO Compensation rule. Happy St. Patrick’s Day. David Stevens to leave FHA and take over for John Courson and head of MBA. Bank bailout’s near $1 trillion and now they are poised to potentially replace the GSE’s? Download as [...]

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Senators Rally to Delay LO Compensation Fed Rule

Senators Rally to Delay LO Compensation Fed Rule Senators Jon Tester and David Vitter call to delay Federal Reserve LO compensation rule. The “Slush Fund” is the new way to deal with changes to costs. Who does it cost? The borrower of course. The clean borrower that does everything right has to pay for issues [...]

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NAMB, NAIHP and the Federal Reserve Lawsuits on LO Compensation

NAMB, NAIHP and the Federal Reserve Lawsuits on LO Compensation The National Association of Independent Housing Professionals (NAIHP) and the National Association of Mortgage Brokers (NAMB) have both filed lawsuits against the Federal Reserve regarding their Rule on Loan Originator Compensation. Are two lawsuits the most effective way to bring about change regarding the Rule? [...]

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