Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

LOAN OFFICER COMPENSATION RULE TOO BE DELAYED
“Loan Officer Compensation Rule too be Delayed”
The CFPB are quickly figuring out, they no one in the mortgage industry, the real estate industry or anyone that believes in a free enterprise system is just going to bend over.
I wonder if some of this has to do with an upcoming election? I wonder what percentage of the business community is going to vote for another four years for failure and moving our country toward socialism?
The sooner that this country repeals Dodd-Frank, the sooner more jobs will get created. The sooner these restrictive rules and regulations are eliminated the sooner that more jobs will get created.
 
Will the CFPB Delay the LO Comp Rule Too?
By: Paul Muolo
The Consumer Financial Protection Bureau this week decided to delay the issuance of a final "qualified mortgage" rule until after the Nov. 6 elections. The scoop was first reported by National Mortgage News on its website Thursday. This new development has prompted many loan officers and nonbank lenders to speculate that maybe (just maybe) the CFPB will delay its compensation proposals until well into next year. Of course, final proposed regulations have not been written yet. And what’s been ... more

__________________________________________________
Are you on The Rain? Grow Your Network!