As employees of the Consumer Financial Protection Bureau (CFPB) sit in home offices awaiting news of their fate, the enforcement landscape has already shifted to state regulators. And if Craig Ungaro’s experience is any indication, the dynamic will pose a very different challenge for independent mortgage banks.

“There are some states very focused on unfair and deceptive practices, a couple other RESPA-focused. Not many are fixated on the LO compensation rule, although every one of them do want to know about your policies,” Ungaro, the veteran chief operating officer of AnnieMac Home Mortgage, said. “It really does details ⇒

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