Chris Frankie

Chris Frankie

Couple Get Long Prison Terms in Religious Rent-to-Own Scam

A couple received lengthy prison sentences for orchestrating Kingdom Connected Investments, a fraudulent rent-to-own scheme that was marketed as Christian-based. So reports the Greenville (S.C.) News.

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$3T in Mortgage Volume and Its Unintended Consequences

Recently, the MBA reported that 2020 has been the best year in the industry since 2003 and that the volume generated to date is already $1 trillion more than in 2019. One of the few positive spots in the economy has been the housing market where there are not enough real estate sellers and affordable housing.

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The Flaws of 100% Commission Pay Plans

The 100% commission pay structure has long been considered the gold standard in mortgage lending as the best way to motivate originators to generate more volume. Implicit in a 100% commission pay structure is that a large reward is available for sales professionals who do well.

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