A class action lawsuit filed this week against loanDepot, alleging steering and violations of loan originator (LO) compensation rules, has brought to light practices used by lenders for years that ...

The Community Home Lenders of America (CHLA) is proposing that the U.S. Congress scale back the loan originator compensation rule to its original intent: prohibiting yield spread premiums, an abusive ...

LO comp sounds simple. You close loans, you get paid. But between Reg Z, expense accounts, team splits, recruiting overrides, servicing income, and the fine print buried in every Loan Originator ...

Mortgage litigation & enforcement defense that means business! Cornered by repurchase demands? Watching key employees walk out, straight to a competitor? State or federal regulators knocking?

Richard Andreano Jr., John Culhane Jr. The filings indicate that each item is in the pre-rule stage. Of great significance, the filing with regard to the Regulation Z loan originator compensation rule ...

The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property ...