feds set to regulate pay to mortgage loan officers: Fed's Set To Regulate Pay to Mortgage Loan Officers
- 09/21/09 07:14 AM
Fed's Set To Regulate Pay to Mortgage Loan Officers, mortgage, lender, san antonio, austin, houston, dallas, texas. In an article reported in the Wall Street Journal Friday, Federal Regulators are set to meet over the next 2 weeks to set policies for tens of thousands of bank employees nationwide. Under the proposal, the Fed could reject any compensation policies it believes encourage bank employees -- from chief executives, to traders, to Mortgage Loan Officers -- to take too much risk. Bureaucrats wouldn't set the pay of individuals, but would review and, if necessary, amend each bank's salary and bonus policies to make (2 comments)