Brokers Battle LO Comp Rule, YSP Restrictions

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MORTGAGE EXPERT
3 · 30 · 11

Mortgage brokers, who at one point accounted for half of residential originations, have seen their collective share dwindle to just 10 percent as their numbers have fallen to 120,000 from 450,000 in better times. The group is now fighting further erosion that could result from upcoming loan origination compensation rules and restrictions on yield spread premiums.

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Mortgage Daily Staff

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