Mortgage News

More Evidence Revelas the Yield Spread Premium Lie Is Real!

So as you may know my pet peeve of the mortgage industry is Yield Spread Premium (YSP) overcharging.

What is YSP overcharging?

It is how the mortgage industry makes big ‘hidden” bucks by lying to borrowers about mortgage rates…closing 90% of all loans at rates higher than required.

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traps, tricks, bait n switch, Home Buying Tips, Refinancing Tips, scams, Scams, Tricks, Traps, Yield Spread Premium

Original post by rkblake

This entry was posted on Wednesday, March 7th, 2007 at 3:29 pm and is filed under Home Buying Tips, Refinancing Tips, bait n switch, scams, tricks, Yield Spread Premium, traps, Scams, Tricks, Traps. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.