Check this out. You have to be kidding me. Is there seriously anyone out there still playing the referral fee game and thinking that regulators will give them a pass?
I found that little jewel in under this blog post:
LO’s are again asking about the RESPA rules — about when you can legally pay an affiliated party a referral fee. Dr. Gary Lacefield, RESPA Expert, has provided a RESPA REFERRAL FEE MATRIX and you can find it in the Charts & Checklist section of www.MortgageCurrentcy.com
My advice? Forget it, LO folks. Make your money the honest way. Just do your job well. Real competition and effective marketing will create winners and losers. Consumers do not need to support a referral fee network. Nobody wants to pay a higher fee for a crappy LO who can't get business any other way. Don't embarrass yourself by sinking back into corruption. You are better than that, okay?