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September 30, 2014

CFPB Urges Mortgage Industry to Raise HMDA Issues Now

By Thomas Ressler

Among other things, the CFPB is warning that the technical nature of the HMDA rule could cause operational headaches.

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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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31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

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