Matthew VanFossen

Matthew VanFossen

Matthew VanFossen is CEO of Absolute Home Mortgage Corp. in Fairfield, New Jersey. He is a member of the Community Home Lenders Association.

ARTICLES

  • [Pulse] We need to make LO comp work for everyone. Here's how

    This is what I think the CFPB should do to fix LO Comp Rule problems
    There are many in the mortgage industry who argue that the entire LO Comp Rule should be scrapped. But such a move would potentially re-open the door to the bad practices of the subprime era, and the divisive debate over this would likely be doomed to failure. Instead, the CFPB could use its existing authority to tweak its LO Comp Rule to fix certain problems. Here's what I think should be done.
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