LO COMP v2
Updated Oct. 9, 2013
The National Assoc. of Mortgage Brokers (NAMB) has filed a lawsuit against the Federal Reserve Board (FRB) to fight the LO Comp ruling that goes into effect April 1, 2011-stay tuned to see how this shakes out and the impact it will have on mortgage rates going into summer..

LO Compensation April 1st, 2011
Updated Oct. 9, 2013
Come April 1st, 2011 the Federal Reserve Board or FRB will institute a new law that will force mortgage professionals to chose a lender paid or borrower paid scenario.  Although the government thinks that this will protect the consumer, but it is going to drive out the competition and with less competition...