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August 5, 2014

Short Takes: Senator’s Bill to Amend TILA Has ‘Legs’ / MBA: Mortgage Credit Availability Increases In July /Freddie Announces Ninth Multifamily K-Deal of 2014 / Statebridge Receives Mid-Tier Rating from Fitch / Fannie: Lenders Expect Non-Agency Credit Standards to Remain Unchanged

By Brandon Ivey

Shortly before Congress left town for its annual summertime break, Sen. Mary Landrieu, D-LA, introduced S. 2641, legislation to amend the Truth in Lending Act to provide that residential mortgage loans held in portfolio would be deemed qualified mortgages for purposes of satisfying the requirements of the Consumer Financial Protection Bureau’s ability-to-repay rule.

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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
51 to 75 bps
76 to 100 bps
101 to 150 bps
More than 150 bps
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