The Mortgage Loan Originator Rules, among other things, prohibit compensation to loan originators that is based on the terms of a mortgage transaction (or proxies for terms), prohibit a loan ...

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 ...

Top-10 mortgage lender Guaranteed Rate has filed a lawsuit against retail rival New American Funding over poaching. But this isn't your standard poaching lawsuit: G-Rate alleges that NAF has wooed at ...

On September 26, 2018, the Mortgage Bankers Association (MBA) together with eleven other mortgage industry groups submitted a letter to CFPB Acting Director Mick Mulvaney “to urge the Bureau. . . to ...

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), is aware that some loan officers are taking creative — and, as detailed in a recent HousingWire investigation, often illegal ...

The National Association of Mortgage Brokers (NAMB) on Monday issued a statement about the Community Home Lenders of America (CHLA)’s white paper on LO compensation reform, supporting some parts of ...

More brokers and business owners have been reaching out to my office with concerns. What’s on their minds and causing such distress? Preserving company profits which are not coming very easy right now ...

Mortgage litigation & enforcement defense that means business! Cornered by repurchase demands? Watching key employees walk out, straight to a competitor? State or federal regulators knocking?