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May 17, 2018

New York Fed Suggests Examining Danish Mortgage Finance System for Reform Ideas

By Carisa Chappell

The Federal Reserve Bank of New York said as the U.S. considers reforming the housing-finance system it should take a look at what can be learned from other countries, in particular, Denmark.

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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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