Mortgage industry, consumer advocates battle over CFPB LO comp proposal

The CFPB is sifting through more than 700 comment letters as it works to craft final rules implementing Dodd-Frank’s loan originator compensation requirements. Read on to learn what brokers, bankers and consumer advocates had to say about proposed provisions pertaining to bonuses and profit sharing, loan originator qualifications and the CFPB’s zero-zero alternative loan requirement.