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Home » Store » Originations » Bureau Clarifies Mortgage Rules Mostly on L.O. Comp, Servicing

Bureau Clarifies Mortgage Rules Mostly on L.O. Comp, Servicing

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In response to a significant amount of public input – and private bellyaching – from the mortgage finance industry, the CFPB last week issued a number of proposed clarifications and revisions to several mortgage rulemakings finalized in January 2013, including changes to those having to do with loan originator compensation. The proposed changes would, among other things, clarify the definition of a loan originator. Under the CFPB’s January 2013 loan originator compensation final rule, persons classified as loan originators...
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