For mortgage servicers, costs can spike in the initial months following a disaster as they must make sure they have the customer service staff on hand to talk with impacted borrowers.
The days of paying insane signing bonuses for top LO talent appear to be over. But there are exceptions. One talent recruiter asks: Will mortgage bankers ever learn?
According to Urban Institute, mortgage insurance payouts mean GSE losses on loans with LTVs over 80% are comparable to those on loans with LTVs below 80%.
A recent supervisory highlights report detailed violations of the LO comp rule by some lenders who offered differing compensation for brokered versus in-house loans. Industry participants said it’s a novel interpretation of the LO comp rule. But the bureau disagreed with the reading.