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With the recently released final rules for loan officer compensation and the expected suspension of the standard fixed rate HECM product government agencies have drastically changed the motivations and interaction between mortgage lenders and borrowers. First loan officer compensation. Released last Friday, It prohibits steering consumers into higher cost loans based on compensation. Would this have included the Standard Fixed Rate product had it remained? With increasing costs lenders are incurring to meet federal and state regulations and now restrictions on how loan officers are paid many mortgage products may cease to be offered in the traditional market. For reverse mortgage lenders that choice has been made for us.