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June 3, 2016

What We’re Hearing: Director Watt, Don’t Let the GSEs Build a Capital Buffer? / What? / Ocwen Cuts U.S. Workforce, Stock Soars / Flagstar in the Hunt for a Retail Lender / Meg Burns, Consumer

By Paul Muolo

The letter is meant to counteract correspondence sent earlier in the week to Watt from 10 trade organizations and community groups that want the GSEs to build capital...

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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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