Housing in places like New York, San Francisco fail more than just the locals

Caution: GSE reform could have serious unintended consequences

Guest blog by former Ginnie Mae president Joseph Murin

Monday Morning Cup of Coffee: Time to cut the MLS cord?

Plus housing metrics, the incredible shrinking GDP, and kicks are for TRIDs
W S
Lending / The Ticker

Loan officers commend CFPB lender compensation ruling

/ Print / Reprints /
| Share More
/ Text Size+

The Consumer Financial Protection Bureau decided not to count compensation a lender pays its loan officer employees toward the 3% points and fees cap in the Qualified Mortgage rule, National Mortgage News reports.

"The fact that they are not including compensation paid to a loan officer is huge," said Larry Platt, a partner at K&L Gates. "I think they listened to the industry," he said, and realized that adding LO compensation to the points and fees would have an adverse impact on the availability of credit.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus