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Valentine11 Valentine11
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6 years ago
Drew Canfield is a mortgage broker who specializes in subprime loans. If he places borrowers in negative amortization loans, he earns a higher rebate. These loans also carry a higher interest rate for the borrowers. Drew tries to steer borrowers into these loans.
 A)Drew has violated RESPA with his actions.
 B)Drew is collecting a YSP, now prohibited under RESPA.
 C)Drew can direct borrowers into higher-rate loans as long as the GFE discloses the rates.
 D)Drew cannot accept such a kickback from the lender.
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tgreen77tgreen77
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6 years ago
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Valentine11 Author
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6 years ago
Thanks for your help!!
carston
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Yesterday
Smart ... Thanks!
acaruso
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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