Quantcast

CFPB Cracks Down on Mortgage Lenders' Compensation

The CFPB issued rules Friday that ban compensation to mortgage originators based on loan terms, such as higher interest rates or a high-cost loan. The rule is meant to prevent lenders from steering borrowers into riskier loans for a higher payouts.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.