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Who would have Guessed - MBroker loans cost borrowers more

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Riick

Elite Member
Joined
Aug 14, 2007
Professional Status
Certified Residential Appraiser
State
Delaware
Mortgage Broker Charge High Fees LINK

...the study found that the YSPs mainly benefited the brokers.
For every $100 extra they paid in higher rates, borrowers on average received only a $7 reduction in upfront fees.
Banks also typically kept most of the benefit when borrowers paid above-market interest rates, the study said.
 
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