LO Comp, Other Rules Present Unprecedented Compliance Load
March 11, 2013
The mortgage lending industry is confronting an unprecedented number of substantive compliance challenges from the half-dozen rules promulgated in January by the CFPB, leading industry representatives are making increasingly clear. For instance, the loan originator compensation rule itself presents a variety of challenges, Amy Thoreson Long, senior counsel in the consumer lending division of Wells Fargos law department, told participants in a recent webinar hosted by Inside Mortgage Finance, an affiliated newsletter...