YSP abuse still possible with updated reform act
Story date: 2008-01-12 09:56:00
Added on: 2008-01-12 23:30:42
Arlington Heights Daily Herald - 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 knowledge of the borrower. To eliminate it, I suggested a simple and ...
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