Friday, September 28, 2012

Could Congress let Mortgage Forgiveness Debt Relief Act Expire? ICON Residential sold; LO Compensation Comments Due

Hot news from AZ Home Help:

Posted To: Pipeline Press

It is good having a roof over your head. But sometimes even well-known TV actresses find themselves without one. What would The Fonz do ? Maybe Erin should apply to the CFPB for a job, perhaps in the "public comment" section. (Okay, that was a stretch.) But LO's are keenly interested in the comments on compensation - and who wouldn't be interested in thousands of people determining how they will be paid? Industry comments regarding the Consumer Financial Protection Bureau's proposed rules governing loan originator compensation must be submitted by October 16. The proposal contains clarifying amendments to definitions set forth in the current TILA compensation restrictions. For example, the proposal aims to clarify that clerical employees of creditors and loan originators who do not "arrange...(read more)

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Source: www.mortgagenewsdaily.com

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