| Mar 15, 2011 3:28PM Over the past three months the mortgage industry has struggled greatly to interpret and implement loan originator compensation reform and new anti-steering regs. The final rules are scheduled to go live on April 1 but the Federal Reserve still hasn't provided written guidance on the rule changes. This forced major mortgage banks and regional lenders to come up with their own policies and procedures. Unfortunately there has been no uniformity in their individual translations of the rule change. This... Mar 15, 2011 12:53PM Mortgage News Daily has learned that John Courson, President and CEO of the Mortgage Bankers Association, will announce his resignation later today. Courson is expected to be replaced by the recently resigned FHA Commissioner David Stevens. UPDATED AT 2PM ON 3/15/2011 David H. Stevens who announced his intention to leave his position as Assistant Secretary for Housing and Urban Development (HUD) and Commissioner of the Federal Housing Administration (FHA) earlier this month will become the new President...
 | 
