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Loan Modification

: Mortgage Lender Implode-o-Meter

NAIHP Says it Will Sue the Fed Over LO Comp Rule

By Implode-Explode Heavy Industries

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``The National Association of Independent Housing Professionals said it will sue the Federal Reserve over its looming loan officer compensation rule, charging that the regulation is illegal and should be withdrawn because the agency "failed to demonstrate even a remote correlation between a mortgage loan originator's compensation and abusive, deceptive or unfair practices."'' -- Good luck with that!

Full post as published by Mortgage Lender Implode-o-Meter on February 09, 2011 (boomark / email).

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