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January 31, 2014

What We’re Hearing: Are Lenders Faking Their Rate Sheets? / Cash Help on the Way for Nonbanks / Waiting for Godot and Jumbo MBS / Obama's Big GSE ‘Miss’ / Black Rock Likes Wally and Penny / Congressman’s Trailer Park Talk With Bad Numbers

By Paul Muolo

At deadline we got wind of a former Wall Street investment banker who is setting up a fund to help independent mortgage firms (nonbanks) raise capital.

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Poll

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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