NAIHP Files Lawsuit Against Federal Reserve /LO Compensation

The National Association of Independent Housing Professionals (NAIHP) has files a lawsuit and temporary restraining order against The Federal Reserve  Board over LO Compensation, and new mortgage lender rules.

NAMB files 2nd lawsuit this week against Federal Reserve

NAMB, the National Association of Mortgage Brokers today filed the second lawsuit this week against Federal Reserve Board over the new Lender Compensation rules set to begin April 1, 2011.

NAMB’s lawsuit seeks to obtain a temporary restraining order, and is using different arguments than the lawsuit filed by NAIHP on March 7th.