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April 8, 2014

Rep. Hensarling Says Mortgage Banker Forced Out of Business Because of Compliance Costs and Complexity

By Thomas Ressler

Committee Chairman Jeb Hensarling, R-TX, cited a letter from a mortgage banking constituent who said his company is being forced out of the residential lending business because of the cost and complexity of regulatory compliance.

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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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