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Home » Store » News » Varying Verbal Staff Interpretations of Fed’s Originator Compensation Rule Prompts Calls for Written Guidance

Varying Verbal Staff Interpretations of Fed’s Originator Compensation Rule Prompts Calls for Written Guidance

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The differences between the Federal Reserve Board’s final rule on loan originator compensation and provisions in the new financial reform law have prompted mortgage lenders to seek written guidance from the board and not just informal opinions or advice from the agency’s staff. Fed officials have discussed...
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