Mortgage Loans for Colorado: (303) 674-1200
Associations & Organizations - Mortgage Banking Websites
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May 5, 2020 - IMMAAG sends letter to CFPB Director Kathleen Kraninger requesting that she personally address six mortgage loan originator compensation issues unjustly directed at only tradittional mortgage brokers companies, i.e. those that do not self-fund. A copy of the letter is available by clicking here .
ISSUE #1 - Double Count of Lender Paid Compensation in the Qualified Mortgage Calculation – applied only to non-self-funding loan origination organizations.
ISSUE #2 - Traditional (non-self-funding) brokers prohibited from competing
Mortgage Loans for Colorado: (303) 674-1200
Associations & Organizations - Mortgage Banking Websites