NAR - Loan Steering: Kickbacks to Realtors
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Complaint by: jmb27 on October 13, 2011, 4:05 am in Real Estate

Re: Corporate GREED / Kickbacks to Realtors...

Members of the National Association of Realtors used Yield Spread Premium to receive kickbacks from lenders. Ask Realtors to return the kickbacks they collected on predatory loans.
The financial benefit of Yield Spread Premium belongs to the client...

You can find Yield Spread Premium on the settlement statement in your mortgage documents. It will be listed as P.O.C. or paid "outside of closing." This shows the dollar amount of the kickback your broker received for inflating your interest rate.

Sign petition:
http://www.change.org/petitions/nar-ask-realtors-to-return-kickbacks-from-predatory-lending?share_id=EVlIbDomYC&pe=d2e

Complainant's Goal: Return kickbacks from predatory lending.
Complainant's Target: NAR
Complaint Location: United StatesIndianapolis

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