``Mortgage brokers are complaining to Congress that the Federal Reserve's loan officer compensation rule is tying their hands, hurting their ability to compete with banks. The Fed's Truth in Lending Act rule that went into effect April 1 prohibits mortgage brokers from adjusting the rate and other fees once it is disclosed on the good-faith estimate form. This means that once an applicant takes the broker's GFE to a bank and obtains a better rate, the broker cannot provide a counter offer.''

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