“Of explicit concern is that even when the CFPB rescinds its LO Comp rule, the underlying statutory provisions from the Dodd-Frank Act would stay in impact,” she stated. “This might doubtlessly topic the business to broadly said statutory prohibitions with out the regulatory steering and protected harbors presently offered by the CFPB’s rule.”
Staying knowledgeable
She stated NAMB would proceed to have interaction with the CFPB and others concerned in any potential change to verify they’re conscious of business considerations.
“As this regulatory course of unfolds, NAMB will monitor all developments associated to the potential rescission of the LO Comp rule,” Saunders stated. “We’ll advocate for the pursuits of mortgage brokers and mortgage originators, have interaction with the CFPB, OMB, and different stakeholders to make sure business views are heard, and talk updates to our membership as new info turns into obtainable.”
As the method continues with little in the best way of public particulars, Saunders stated it is vital for brokers to maintain updated with the most recent information.
Mortgage legal professional Marty Inexperienced of Polunsky Beitel Inexperienced highlights the intensive regulatory and administrative hurdles—together with SEC filings, market coordination, and structural selections—that make a year-end launch formidable at greatest.https://t.co/xo4iAztwxy
— Mortgage Skilled America Journal (@MPAMagazineUS) August 21, 2025
“The regulatory assessment course of by way of OMB has been prolonged to over two months, however NAMB will stay vigilant all through this era,” she stated. “We perceive the numerous implications that any modifications to the LO Comp framework may have on our members and the broader mortgage business.
