- Aug 14, 2007
- Professional Status
- Certified Residential Appraiser
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.