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June 16, 2014

Short Takes: California Remains the Golden State of Mortgage Companies / A Ton of Loan Officers? / A Nation of Renters? / Confirmation Hearing for FHFA IG Nominee / Newcastle to Spin-off Unit

By Paul Muolo and

The number of mortgage companies in California rose 7.8 percent on a sequential basis. Nationwide, there are 392,896 federally registered mortgage loan officers…

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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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