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Who would have Guessed - MBroker loans cost borrowers more

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Elite Member
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.
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