Hundreds of Mortgage Execs Ask CFPB to Change LO Pay Rules

HousingWire, Oct. 24, 2018–Ben Lane
Nearly 250 senior executives at some of the nation’s largest mortgage companies want the government to make changes to the rules surrounding how they’re allowed to pay their loan originators. Last week, the group of mortgage execs (organized by the Mortgage Bankers Association) sent a letter to the Consumer Financial Protection Bureau, calling on the bureau to change its Loan Originator Compensation rule.