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"The fear of QM non-compliance is hindering the ability to do deals," says Brian Hale, the CEO of Stearns Lending.

Mortgage Lenders Err on Side of Caution with Broker Fees Under QM

Wholesale lenders are capping broker compensation at 2.75%, below the CFPB's 3%, adding another "overlay" above and beyond regulatory requirements. Some say borrowers are being shut out as a result.

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