L.O. Comp Rules Delayed Five Days. Not a Cruel Joke!

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Posted To: MND NewsWire

HAPPY APRIL FOOL'S DAY! This is not a cruel joke.... From NAMB's website: "The US Court of Appeals has granted a stay on Fed's LO Compensation rule. The hearing will be on April 5th. The RULE IS DELAYED UNTIL THE RESULTS OF THE HEARING . You can access the Court of Appeals order here . This announcement about the delay of the loan originator compensation rule is not an April fool's joke" ------------------------------ National Association of Mortgage Brokers, Appellant National Association of Independent Housing Professionals, Inc., Appellee v. Board of Governors of the Federal Reserve System, et al., Appellees Consolidated with 11-5079 BEFORE : Henderson, Tatel, and Kavanaugh, Circuit Judges O R D E R Upon consideration of the emergency motion for expedited relief and the emergency motion...(read more)

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Source: www.mortgagenewsdaily.com

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