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How Much Can You Earn as an LO?

Friday, July 23, 2010
By Paul Muolo

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?

| Comments

Comments:
DODD-FRANK are OWNED by the crooks on Wall Street.

Sad state of affairs arecountry is in because of CROOKS like DODD-FRANK

Gary S.F.

Posted by Gary C on July 28, 2010 at 02:08 PM EDT #

Just more of the "look what I have done for you now" (stupid constituents) you better re-elect me stuff they do, that helps NO ONE except the big banks that donate to their re-elections.

Dodd (dudd) and Frank (of Frank and Earnie fame) along with Obama should be impeached.

Posted by Ronald B on August 10, 2010 at 11:24 AM EDT #

are they keeping our mines on immigration while the tear up the financial world with the State Regulatory Register llc 2006 SAFE Act 2008 nmls then conference of state bank supervisors and then the Financial law then the consumer finance protection bureau at the federal reserve. bette m

Posted by 2eagles on August 13, 2010 at 04:15 PM EDT #

lets vote them out

Posted by 2eagles on August 13, 2010 at 04:28 PM EDT #


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