Someone’s making money out there, right? Freddie and Fannie continue to earn billions, with a good chunk coming from g-fee income, and see hundreds of billions flow through their systems every quarter (for those playing along at home, their net worth, $90.5 billion for Fannie, $56 billion for Freddie, is healthy, but healthy enough to survive another 2008?). Lenders have seen their compliance & legal costs increase. (The CFPB announced that it had settled its fair lending case with Townstone Financial on Friday. Here is attorney Brian Levy’s take on the settlement from his Mortgage Musings blog. Sign up here if you want to get an email whenever Levy sends out his Musings.) There are rumors of another price increase from Fair Isaac, up from the current $3.50 per score; the parent of FICO’s stock price has doubled in one year to nearly $2,000 per share. Agency g-fees and credit reports factor into the cost of a loan. But compensation is still, by far, the largest cost component on any loan. (An informal poll indicates that LOs are often paid for 30 days after they leave.) (Today’s podcast can be found here, and this week’s is Sponsored by Calque. Partner with Calque to offer better loan solutions. Scale your business with a partner that puts your brand first and empower your clients to buy before they sell. Hear an interview with Rob Chrisman on takeaways from MBA Annual.) Lender and Broker Software, Services, and Products “In today’s competitive mortgage marketplace, customizing workflows and borrower experience is crucial to differentiation. With the industry-first configurability of Maxwell Point of Sale, lenders can define workflows for any mortgage product, while configuring triggers and business rules to align the borrower experience to operational processes. Maxwell Point of Sale also features more than 60 third-party integrations, allowing lending teams to seamlessly connect with other vital pieces of their workflow, from credit and verifications to pricing and disclosures. Maxwell Point of Sale also sees a 14% increase in pull-through from Rate Lock to Close on the vs a top competitor. Want to learn more? Let us know and we’ll show you what Maxwell can do for you and your borrowers.”