Doug Duncan, Fannie Mae SVP and Chief Economist, forecasts positive things for 2024. But here’s why rates “still have a significant way to go in order to meaningfully reduce the ‘lock-in effect.’”
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What Factors Impacted Q3 LO Compensation?
Loan originators saw a 2.44% decrease in per-loan commission rates in the third quarter, as purchase apps held steady, but refi apps tailed off.
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