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Author Archives: Ida Duwe

House Committee to Examine Fed’s Loan Officer Compensation Rules

In the House Financial Services Committee's oversight plan released this week, the committee said it will examine the implementation of new rules issued by the Federal Reserve governing mortgage originator compensation, which are scheduled to become effective April 1, 2011. The committee says it is concerned that the rules may have an adverse impact on the ability of small businesses that originate mortgages.

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