Welcome login | signup
Language en es fr

Forum Post: Compensation for Mortgage Brokers

Posted 12 years ago on Oct. 29, 2011, 3:48 p.m. EST by radical22 (113)
This content is user submitted and not an official statement

If Mortgage brokers got paid their commissions as the borrowers made each monthly payment rather than as a lump sum at the origination, MIRACULOUSLY WE WOULD SEE ONLY QUALIFIED BORROWERS WHO CAN AFFORD TO MAKE THEIR LOAN PAYMENTS. This simple solution would stop mortgage fraud going forward, but it will never happen because the status quo is so much better for them to rip off the public.



Read the Rules
[-] 1 points by SunDog (3) from Fort Myers Beach, FL 12 years ago

I say Incarceration For Mortgage Brokers