How much do the mortgage brokers get paid from the LENDER?
I understand origination fees, basically at the discretion of the broker to how much they want to charge the client. But don't brokers get fees from the lender? What are the most common scenarios? Thanks.
Public Comments
1. I think you are asking about the Yield Spread Premium (YSP). You can find out more info here:
http://en.wikipedia.org/wiki/Yield_spread_premium