The Fed’s recent decision to outlaw Yield Spread Premiums (YSP) paid to mortgage brokers by lenders is the latest success by the bank lobby to kill competition and bait and switch the public into thinking the government is actually doing something to reform the industry. It is, in fact, reaffirming a double standard that has existed in the [...]
Archive for August, 2010
The Big Bank Lobby Against Mortgage Brokers
Posted in Jerks, Mortgages, tagged Mortgage brokers, Service Release premium, Yield Spread premium on August 20, 2010 | Leave a Comment »
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J. Philip Faranda Broker-Owner (914) 723-8900
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