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Home » Store » News » Compensation Limits Need More Fed Guidance

Compensation Limits Need More Fed Guidance

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Compensation based on loan terms regardless of product type, interest rate or other features will no longer be allowed for mortgage loan originators in wholesale or retail as a result of new regulations and prohibitions under the Dodd-Frank Wall Street Reform and Consumer Protection Act and new Federal Reserve Board rules. Both the Dodd-Frank Act and final rules...
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