Well, the Dodd-Frank regulatory reform bill is now the law of the land and some mortgage bankers are hopping mad. One key sticking point is the caps on what loan officers and brokers can earn. Scott Stern of the Lenders One cooperative says "compensation changes in the bill have everyone in the industry talking. Congress for the first time ever in the U.S. is putting limits on what an entire industry can earn. Can you imagine what would happen if they did this to stock brokers?" Perhaps, the industry can take this up with the presumed chief of the Consumer Federal Protection Bureau, Elizabeth Warren?
JUL 23, 2010
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Sad state of affairs arecountry is in because of CROOKS like DODD-FRANK
Gary S.F.
Dodd (dudd) and Frank (of Frank and Earnie fame) along with Obama should be impeached.