Friday, April 1, 2011

ORIGINATOR COMPENSATION: STILL IN THE FIGHT

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Apr 1, 2011 3:58PM

ORIGINATOR COMPENSATION: STILL IN THE FIGHT

Most Americans are unfamiliar with the Administrative Procedures Act (APA), yet it reaches each of us through an assortment of rules that eventually lead to what some might consider red tape. Some believe the APA is heavy-handed and will tell you the federal government uses it much too often to circumvent the will of Congress. That comment is for a later discussion. The crux of the Act spells out the process by which agencies promulgate rules and regulations, among other responsibilities. While there...

Apr 1, 2011 10:19AM

Employment Report: Improving Labor Market Lacks Wage Growth

The Bureau of Labor Statistics has released the March 2011 Employment Situation Report . From the Release... Nonfarm payroll employment increased by 216,000 in March, and the unemployment rate was little changed at 8.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, leisure and hospitality, and mining. Employment in manufacturing continued to trend up. Here's the nitty-gritty from Reuters... RTRS-U.S. MARCH NONFARM...


Micro News

4:00 PM:

Originator Compensation: Still in the Fight

3:53 PM:

Much Less Data Overall and no Treasury Auctions in the Week Ahead

2:55 PM:

Gains Continue Into After Hours. Cue The Reprice Trickle

1:39 PM:

Volume and Volatilty Wane Leaving Bonds Mostly Unchanged

11:00 AM:

Fed's Dudley Brings Balance to Recent Hawkishness

10:34 AM:

US econ growth gauge rose in latest week- ECRI

10:32 AM:

Fed's Fisher - wage pressures may be building

10:08 AM:

Fed's Dudley: Jobs growth likely to gather pace

Around the Web

Video News

March Jobs Report

Real Read on Real Estate

Harris Says Easing Lending Standard Is Boost to Hiring


Today's Comments

memailbox

"Great Question! To be rid of the mortgage broker and wholesale divisions quite simply. Frank, by beat I refer to the fact that big banks have the lobbyists..."

Frank Ceizyk

"There are serious disclosure issues with Lender Paid Compensation effects on Box 2 of the good faith estimate. The credit or "charge" for interest..."

Frank Ceizyk

"Yes Jason--old comp is intact at most wholesalers today. There are serious disclosure issues with Lender Paid Compensation effects on Box 2 of the good..."

Today's Q&A

Anonymous

"How do i send extra payment to morgage towards principle only..."

Anonymous

"If my agent is selling my home and showing me my new home how..."

Anonymous

"What is the quickest and easiest way to transfer complete ownership..."

Today's Forum Discussions

Derek Owens

"Right now I am an LO at a broker shop. I haven't seen the final plan from my broker yet but with what I have been reading.... it seems like even with..."

Akali D. Dennie

"BRIDGE LOAN PROGRAM NO UPFRONT FEE!!! This loan program is intended to provide a fast and efficient solution in the event you have one of the following..."

TheKid

"Does anyone have any information on their new/upcoming comp changes. Preferably information for LO's from the big banks. Educated guesses are welcome..."