NAR - Predatory Lending and Kickbacks to Realtors
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Complaint by: jmb27 on October 23, 2011, 3:25 am in Real Estate

Re: Corporate GREED / Kickbacks to Realtors...

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. This HIGHER interest rate will cost you thousands of extra dollars over the life of the loan.

Complainant's Goal: Return kickbacks from Predatory Lending
Complainant's Target: NAR
Complaint Location: United StatesIndianapolis

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