Events From Coast to Coast; New LO comp Plan; All-Cash Deal Stats

Posted To: Pipeline Press

The media, both social and unsocial, are filled with thoughts about the presidential debate last night. Housing was not an issue, since, overall, things are pretty good. But let’s start with something non-mortgage with a favorite trivia question. Who is buried in Grant’s tomb? Nobody is buried in Grant’s tomb. President & Mrs. Grant are entombedthere. A body is buried only when it is placed in the ground and covered with dirt. As a reminder, the CFPB put out a 541 page memo on Loan Officer Compensation, officially called a Final Rule and Official Interpretation, CFPB Final Rules for LO Compensation . But there are still some interesting things going on with comp plans. Atlantic Bay Mortgage Group , which is both a lender and a servicer, recently launched a new payment...(read more)

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