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July 14, 2014

Short Takes: Does the CFPB Understand the Mortgage Business? / Why Skyline Likes Wholesale / Nice GSE Bill, Guys. Too Bad It’s DoA / Mortgage Master Joins FTHB Compact / Relax, the MI Industry Will Be Just Fine?

By Charles Wisniowski, Paul Muolo, Sherry Muolo

Mortgage brokers who read the guidance said it reveals how little the young regulatory agency understands about the industry. If a broker has the financial ability to obtain a warehouse line of credit...

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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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