New rules on loan-originator compensation - Atlantic International Partnership Funding Group
New rules on loan-originator compensation may not be answer to borrowers’ woes
AIFG has established a unique and innovative concept in the mortgage industry...
More
New rules on loan-originator compensation - Atlantic International Partnership Funding Group
New rules on loan-originator compensation may not be answer to borrowers’ woes
AIFG has established a unique and innovative concept in the mortgage industry (Partnership Servicing)
that is ideally suited to a challenging economy and real estate market.
If you don’t know about our
concept, then here’s an opportunity to learn more.
By Harvey S.
Jacobs
New loan-originator compensation rules promulgated by the Federal Reserve Board make three sweeping
changes in the way residential lending business will be conducted.
Although they were designed to
enhance consumer protection, it is not at all clear yet whether these changes will improve conditions for
borrowers more than they detract from them.
First, loan originators are now prohibited from being paid on the basis of the interest rate of the loan they
sell to a borrower.
Second, if a borrower pays the loan originator, that loan originator ca
Less
