Castle & Cooke Case, LO Comp Rule Posing Comp Challenges
October 7, 2013
Loan originators these days not only are looking over their shoulders, theyre also getting skittish about what lies ahead of them. Some of their backward-facing anxiety has to do with this summers CFPB suit against the nonbank lender, Castle & Cooke of Utah, and two of its top executives for allegedly paying bonuses to loan officers who steered consumers into mortgages with higher rates.During a recent special webinar sponsored by Inside Mortgage Finance, an affiliated newsletter, Jay Laifman, counsel with the Buckley...