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May 27, 2016

What We’re Hearing: Did Wells Hit A Mortgage Home Run? Time Will Tell / A Media Coverage Coup / The BofA-NACA-Pinto Project, A Status Report / Why Jumbo MBS Issuance Won’t Return Anytime Soon / Publishing Note

By Paul Muolo

Let's face it: most banks are just chicken to hold mortgages in portfolio unless they're jumbos...

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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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