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How Would Proposed Changes To Loan Officers’ Pay Affect You? – The mortgage executives ask for three changes, beginning with the price concession rule. They argue that when loan officers can voluntarily reduce compensation, competition will increase. Lenders can.

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US mortgage rates post biggest drop in decade to 4.06 pct. – Potential buyers have rushed to take advantage of the cheaper borrowing costs. An index measuring applications for mortgage loans jumped 9 percent last week, the Mortgage Bankers Association said..

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