Americas Watchdog Blasts The US Congress For A Mortgage Fee Kickback That Affects Most US Homeowners

For over five years Americas Watchdog's National Mortgage Complaint Center have been attacking a gigantic mortgage kickback scheme called a yield spread premium. What is a yield spread premium? 'A yield spread premium is a mortgage kickback fee a bank, mortgage banker or mortgage broker gets for inflating a borrowers interest rate. Banks & mortgage bankers get the very same kickbac, they just don't have to disclose it-brokers do.
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