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February 24, 2017

What We’re Hearing: Okay, So Mnuchin is One of Them, But… / Where Were You When We Were Bailing Out Fannie and Freddie? / Remember Hank Greenberg? / Maybe Servicing Compensation is Too Low / The Next Bank to Quit Servicing…

By Paul Muolo

Once the GSEs turned it around and showed a whiff of profit the speculators pounced and bought the shares on the cheap...

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On average, how much of a commission does your shop pay loan officers per loan they originate ?

25 to 50 basis points.
51 to 100 basis points.
101 to 150 basis points.
North of 151 basis points. (We expect a lot.)
We pay salary, not commission.

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