Tag Archive for: commission

Fannie & Freddie Supporting Agent Commissions, But…Has Anything Changed?

FHA allows buyers to finance their upfront mortgage insurance premium (MIP) equal to 1.75% of the loan amount. So, while FHA loans are ostensibly 96.5% loan-to-value, they are effectively around 98.2% loan-to-value loans because almost every FHA loan includes the financed upfront MIP. Read More

NAR’s Settlement – May Be Great News For Agents! (Except for the Civil War Part)

Everyone (and I mean EVERYONE) has been in a tizzy over NAR’s settlement of the Sitzer/Burnett (Broker Commission) case. But – it may actually be good news for many brokers and agents – and I will explain why.Read More

WSJ: Real Estate Agents Fight Gov’t to Save Commissions; Why Now? Welcome to Our World

THE FED CAPPED MORTGAGE COMMISSIONS IN 2010 In 2010, the Fed was desperately trying to blame the entire 2008 mortgage meltdown on mortgage brokers and loan officers – as opposed […]Read More

Change Jobs, Lose Bonus Income & LOSE HOUSE!

It is usually 100% OK to change jobs at any time IF … borrowers are NOT dependent upon bonus, overtime or commission income to qualify. If, however, borrowers are dependent […]Read More

Salary + Commission: Need History of Commissions

We have a borrower who averaged $160,000 over the last two years in a commission sales job. He just started a new job with an $85,000 base salary, but with […]Read More