It has been fairly tough sledding in 2026 for mortgage borrowers and loan originators. High interest rates have depressed purchase and refinance demand, while inflation and economic uncertainty have pressured homebuying affordability.
But that challenging lending climate means mortgage professionals generally need more legal support, remarked Marty Green, a principal at Polunsky Beitel Green LLP, a Texas-based firm specializing in residential mortgage law.
“We're still continuing to see a whole lot of loan officer comp issues,” Green told Scotsman Guide during an interview at the Mortgage Bankers Association’s annual conference in Chicago last week.
The LO comp rule, a component of the Dodd-Frank Act implemented in 2013 by the Consumer Fina...