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Loan Modification

: Mortgage Lender Implode-o-Meter

Originator Compensation: MBA Pushes for Postponed Implementation of New Regs

By Implode-Explode Heavy Industries

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"On Thursday, December 16, 2010, the Mortgage Bankers Association (MBA) sent the attached letter to Ben Bernanke, Chairman, and Saundra Bernstein, Director, Consumer and Community Affairs Division, of the Federal Reserve, requesting written guidance to help the industry implement the Board?s final rule on loan originator compensation and steering published on September 24, 2010."

Full post as published by Mortgage Lender Implode-o-Meter on December 17, 2010 (boomark / email).

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