Home Loans Mortgage: Loan Officer Compensation: Overtime Pay or No Overtime Pay?

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Jan 12, 2011 12:59PM

Loan Officer Compensation: Overtime Pay or No Overtime Pay?

The Mortgage Bankers Association has filed suit against the Department of Labor seeking a reversal of an administrative ruling that mortgage loan officers are subject to the overtime provisions of the Fair Labor Standards Act.

Jan 11, 2011 2:43PM

Wild Wild West Housing Market: Are Ghost Towns Making a Comeback?

While there is not evidence that major U.S. cities will fade into oblivion because of the economic downturn, a new MBA study looks as the possibility that some neighborhoods and submarkets may have reached a tipping point in their viability.

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Today's Comments

	"As a newly deemed hourly employee I am going to be interested in how all this washes out....with the way we are getting paid the bank gets the best end..."
	"What if the points it costs to permanently buydown the rate to a par note end up taking the borrower 10 years to recover and they are only planning on..."
	"Why does Best Execution need to incorporate discount poiints? Couldn't Best Execution just be a lender's par rate?"

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	"To any and all interested: I am a mortgage broker (MB) in Cincinnati, Ohio and want to begin dialogue with other MB's as it relates to the direction..."
	"Smaller mortgage firms and independent brokers that work with military families are able to take advantage of a new program offered by the nation's..."
	"I've been trying to do a VA Streamline refinance for a couple of months now, but as soon as I got my ducks in a row, all national lenders started requiring..."