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August 29, 2014

New York Attorney General, CFPB Target More Mortgage Relief Firms

By Thomas Ressler

The New York AG has secured a temporary restraining order barring the loan mod companies from collecting advance fees. The state's top cop also froze their bank accounts.

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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
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