Every mortgage brokers has a simple choice: Falsify the borrowers records or not? Whether or not the borrower chooses to lie about their own income and/or buy more house then they can afford is a separate discussion. Sure, borrowers want to have as much house as possible and yes, many borrowers focused only on monthly [...]
Yield Spread Madness
October 29, 2009 By 3 Comments
Yield Spread Premium means the worse the loan is for you the better it is for the mortgage broker.
