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April 25, 2014

What We’re Hearing: Who Will be Left Standing After the Great Mortgage M&A Tsunami? / Paul Reddam to Spend More Time With His Horses / Warehouse Ugly Too / $150 Billion in Ginnie MSRs Changed Hands / A Head Fake for Johnson-Crapo? / Glen Corso, Trade Group Chief

By Paul Muolo

At one shop based in the Midwest there’s unconfirmed talk of loan officers who haven’t been paid for months, unpaid leases and top executives who were on vacation as volumes collapsed.

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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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