House bill targeting payments to brokers unenforceable

Part 2 of 2: Let borrowers control yield spread premiums
Published on Dec 10, 2007

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by CareyBot

(This is Part 2 of a two-part series. Read Part 1.) YSP abuse, as explained in my first column, arises when mortgage brokers steer borrowers into high-rate loans on which the broker collects a rebate from the lender, without the ...