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  • CFPB Issues Mortgage Compensation Rule to Prevent Steering
    The Consumer Financial Protection Bureau (CFPB) announced Friday a final rule that addresses compensation paid to loan originators and mortgage brokers. The rules prohibit steering incentives, dual compensation and also establishes new qualification and screening standards for originators. “Before the financial crisis, many mortgage borrowers were steered towards risky and high-cost loans because it meant […]
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