CFPB Adopts Rules to Prevent Loan Originators from Steering Consumers into Risky Mortgages

January 22, 2013

Among the rules, loan originators and brokers are prohibited from receiving compensation that varies with the loan terms. Also, mortgage originator cannot get paid more if, for example, the consumer agrees to buy title insurance from the lender’s affiliate. Read on for details.

Please Log In to View

Contact ALTA at 202-296-3671 or [email protected].