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June 6, 2014

What We're Hearing: Can Mel Watt Save the Mortgage Industry? / Finally, We Have G-Fee Parity! / Millennials Won’t Give Up Those Cell Phones to Save for a Mortgage / Hundreds of Lenders Have Already Closed Their Doors? / Hope for Nonprime?

By Paul Muolo

One last thought on Mel Watt, FHFA and expanding the credit box: Members of the GOP who were big boosters of the recently departed Ed DeMarco will probably read the g-fee comment notice and have a fit…

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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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