The National Association of Mortgage Brokers wins temporary stay of relief on Fed Ruling. An appellate court overturned the ruling from Wednesday and the change in Loan Officer Compensation has been stayed at this point. Briefs are due from both sides by 12:00 noon on Tuesday, April 5 2011. At that time the appellate court will determine if they are going to overturn the lower courts ruling or let it stand. Although NAMB considers this a huge win and believes that the ruling will be overturned keep in mind they are fighting the Federal Government and those battles are always an uphill struggle.
Stay tuned for more updates!
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