| Apr 5, 2011 10:46AM This column originally appeared in the April 2011 issue of Asset Securitization Report (www.sourcemedia.com) titled "The Servicing Mess and Mortgage Lending". The outcome of the negotiations between servicers, the group of state Attorneys General and the fledgling Consumer Financial Protection Bureau (CFPB) is extremely important to the future of housing and mortgage lending. The initial documents and press reports, unfortunately, are not encouraging. The proposed Settlement Terms released by the... Apr 5, 2011 4:23PM Just in case you've missed any of these developments or just needed a refresher, here is the latest on originator compensation reform. On Friday, April 1st, the US Court of Appeals granted a stay on Fed's LO Compensation rule. This delayed the implementation of the rule until the Court was given time to hear additional responses from the Fed and NAMB/NAIHP. Here is an excerpt from the court order: "Upon consideration of the emergency motion for expedited relief and the emergency motion to stay implementation...
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