LBA Ware, Macon, Ga., releases its third quarter Mortgage Loan Originator Compensation Reports, showing commissions earned by LOs increased by 50% from a year ago, because the average LO funded 51% more volume in the third quarter ($2.6 million per month) than a year ago ($1.7 million per month).
Tag: Mortgage Loan Originator Compensation
CFPB Extends GSE Patch ‘Indefinitely;’ Kraninger Stresses Flexibility
In a wide-ranging discussion yesterday at the Mortgage Bankers Association’s virtual Annual Convention & Expo, CFPB Director Kathy Kraninger said the Bureau would continue to move forward with its agenda of easing regulatory burdens and providing mortgage lenders and servicers with greater flexibilities in working with customers.
CFPB Extends GSE Patch ‘Indefinitely;’ Kraninger Stresses Flexibility
With less than two weeks before the 2020 elections, Washington is doing what it does best—speculating. Kathy Kraninger, Director of the Consumer Financial Protection Bureau—a federal agency at the heart of much of that speculation—is paying it little attention.