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January 9, 2014

Three Key GOP Subcommittee Chairmen Want the 10 BP G-Fee Hike to Proceed

By Paul Muolo

In a letter sent to new agency Director Mel Watt, GOP Congressmen Scott Garrett, Randy Neugebauer and John Campbell note that the 10 basis point increase proposed by Watt’s predecessor is not the only fee adjustment up for grabs.

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In 2016, what have you been paying your retail residential loan officers, on average, as a commission?

25 to 50 basis points per loan
51 to 75 bps
76 to 100 bps
101 to 150 bps
More than 150 bps
We’re a call center lender and don’t disclose that data point.

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