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February 25, 2014

Short Takes: JPM Continues to Slash Mortgage Jobs / Overlays Disappearing? Don’t Bet On It / Loss Mit Mortgage Firm Slapped with CFPB Fine / Lenders One to Hold Annual Pow-Wow with Members / Stonegate Actually Increased Originations

By Paul Muolo and Thomas Ressler

So, mortgage firms are reducing “overlays” and expanding credit to borrowers in need. Right? Not necessarily.

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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
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