Personal Finance Advice and Commentary

Tuesday, February 22, 2011 10:15 am
By Marcie Geffner · Bankrate.com

New federal regulations, effective April 1, will impose some major changes in how lenders compensate mortgage brokers for their services in the loan origination process. Here’s a summary: Lenders won’t be allowed to pay any direct or indirect compensation to a mortgage broker based on the terms or condition of the loan, other than the