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February 3, 2014

The Issue That Refuses to Die at FHFA: Servicing Compensation

By Paul Muolo

Industry advisors briefed on the servicing project noted that changing the minimum 25 basis point servicing fee has some firms on edge.

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How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
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None. We’re staying right where we are, for now.
We’re cutting back.

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