U.S. Court of Appeals Denies Broker Appeal

Mortgage and Lending with Family Home Loans 189203

We lost the fight. . .for now.

The U.S. Circuit Court of Appeals for the District of Columbia Circuit has just issued an Order dissolving the Administrative Stay which was issued on March 31, 2011.  Accordingly, the Federal Reserve Board's implementation of the Loan Originator Compensation Rule ("Rule") goes into effect immediately.

What's next?  Let's continue to "roll with the punches" and continue to make this an extraordinary year!

Comments (2)

Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Tony.....it's not dead.  Let's see when and if it goes up on appeal!

Apr 05, 2011 03:08 PM
Tony Mendez

You're right, Larry.  I'm sure something will come up.

Apr 06, 2011 05:47 AM