This is compiled from 2 different emails: “OK so here it is….new comp plan comes out February 1. Tiers no multipliers….so if you do 200k for instance you get 2g’s (or whatever). Collections are starting soon, as is FHA. HFC is having MAJOR problems getting their licenses for the FHA. The company is eventually going to stop doing core loans and it will just be personal loans, FHA and conforming. I think the companies will be closed by the end of 2010 at the LATEST. I am well informed as I am ranked top 50 in the US and am in the (redacted) branch in the country.”
Another said: “I heard 400 more offices by end of 2nd quarter—from RGM and above level.”
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