Mortgage Industry Calls on CFPB to Rehab LO Comp Rule
National Mortgage News, Oct. 1, 2018–Elina Tarkazikis (subscription)
The Mortgage Bankers Association and nearly a dozen trade groups said that after more than five years under the LO Comp rule, changes to the order should be among the CFPB’s top priorities in its review of the mortgage rules, according to a letter sent to acting CFPB Director Mick Mulvaney.
