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February 14, 2014

‘Robo-Signing’ Whistleblower Returns to Haunt Mortgage Industry; The FHA Angle

By George Brooks

The lawsuit seeks to recover unspecified damages and penalties from the defendants for using fraudulent mortgage assignments and FHA endorsements to submit tens of thousands of false FHA claims from 2000 through 2010.

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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
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