Broker Compensation Disclosures

Some articles on brokers, compensation, broker:

Yield Spread Premium - "Giveaway To Big Business?"
... Procedures Act) reform legislation that would have further put mortgage brokers at a disadvantage by requiring mortgage brokers to credit borrowers the amount of yield spread premium that they earned ... The lender presumably would earn additional compensation when they sold the loan at some later date ... If a mortgage broker offered the borrower the same rate, 6.25%, the borrower would receive the one point YSP as a "Lender Credit to Borrower" Then, in order to earn the same fee as the ...

Famous quotes containing the words disclosures and/or compensation:

    What our eyes behold may well be the text of life but one’s meditations on the text and the disclosures of these meditations are no less a part of the structure of reality.
    Wallace Stevens (1879–1955)

    The compensation of a very early success is a conviction that life is a romantic matter. In the best sense one stays young.
    F. Scott Fitzgerald (1896–1940)