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AFC Forms Self-Storage Finance Group  Wykoff Storage NEW YORK CITY-AFC Realty Capital has formed the AFC Self-Storage Finance Group to serve client demand.read more...


Mortgage Intelligence launches Scarborough product (Mortgage Introducer)  Mortgage Intelligence has launched a holiday buy-to-let product from Scarborough Building Society.read more...


Existing-home sales remain high  While the average median price of existing homes sold in Central Florida dipped slightly from November to December, it was still 35 percent higher than a year earlier, with Seminole


Dream Factories    Jackson and Julia MacInnis's house in Alexandria boasts six bedrooms. read more...


Citibank garners award  Pacific Daily News gdumat-ol@guampdn.com P.J. Borja/For Pacific Daily News Award ceremony: At an award ceremony yesterday at the Hyatt Regency Guam are, from left: Jack L. Mahan, U.S. Department of


Custom shower curtains create tile match  Have you noticed that the newest luxury area in a home is the bathroom? In new homes, baths are often huge, having both a full shower and a jet tub.Commentread

January 11th, 2008

Right Target, Wrong Approach to Abusive Fees

When a mortgage broker steers a borrower toward a high-rate loan for which the broker collects a rebate from the lender, that payment is called a yield spread premium. When the broker does so without the knowledge of the borrower, that’s abusive.

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