November 13, 2014: CFPB ordered a California mortgage lender, Franklin Loan Corporation to pay $730,000 in compensation to affected consumers who were purportedly steered towards higher interest loans by 32 loan officers who were incentivized with quarterly bonuses to do so. The CFPB found that these bonus payments violated the Federal Reserve Board’s Loan Originator Compensation Rule. The rule prohibits mortgage lenders from paying loan officers based on loan terms such as interest rate. Franklin Loan allegedly violated the rule by tying its loan officers’ quarterly bonuses to the interest rates on the loans they offered to borrowers. Franklin Loan’s unlawful bonus practices affected more than 1,400 borrowers.
Williston Financial Group Acquires West Coast Local Retail Title Operations from Doma
Transaction helps drive Company’s new singular strategy and refined focus...
WFG NATIONAL TITLE INSURANCE COMPANY APPOINTS DAVID JENKINS AS SVP, NATIONAL AGENCY MANAGER AND PROMOTES TIM HOOPER TO SVP, MID-ATLANTIC REGIONAL MANAGER
Portland, Ore., April 11, 2023 – WFG National Title Insurance...
Title Industry Visionary Patrick Stone Offers Insights on How to Survive and Thrive in the Current Down Market
During the recent Q4 WFG Insights: Quarterly Economic Outlook webinar, WFG National...
WFG Insights - 2023 Forecast: WFG's Patrick Stone Offers an Optimistic Outlook for the Second Half of the Year
There’s no question the first half of this year will...
WILLISTON FINANCIAL GROUP EXECUTIVE CHAIRMAN AND FOUNDER PATRICK F. STONE AND ECONOMIST BILL CONERLY, Ph.D. TO HOST Q4 'WFG INSIGHTS: QUARTERLY ECONOMIC OUTLOOK' WEBINAR ON DECEMBER 15TH
The popular and influential quarterly webinar features analysis and insights...