Bump in the Road for LO Compensation Rule

Last Friday, February 18, the National Association of Mortgage Brokers (NAMB) announced its intention to file suit against the Federal Reserve Board seeking an injunction on the Loan Originator Compensation Rule that is scheduled to take effect on April 1st.  Whether this is simply a bump in the road, or a complete road block is to be determined.  Further details are available at www.namb.org.