You’ve seen the notices. Just about every week now, the Consumer Financial Protection Board or some other agency comes out with a new rule or proposal affecting the servicing side of the mortgage business, the originations side, or both.

One thing you can always count on from Washington—there will be plenty of regulatory activity AFTER a crisis happens rather than before when it might be useful. Some of it is justified, of course. But some of it is window dressing, and some of it is overreaction. Time to close the barn door, after all the horses have gotten out!

As an example, an overhaul of the way loan officers and mortgage brokers get paid, possibly to a single standing fee for everyone, is just one of the many ideas on the table. Taking out the confusion on how LOs get paid is great. Reducing everything to a single same-dollar fee is wack.

You need to stay on top of all this! One good way to get up to speed would be if you would join me at SourceMedia’s Regulatory Conference on Sept. 13 and 14 in Arlington, Va., just across the river from Washington.

This is our second annual reg conference, following an incredible one last year where we had CFPB, senators, congresswomen and industry officials all crowded into one room. This year’s should be equally exciting.