Scapegoats
Legitimate compensation or an illegal referral fee (kickback) – really two existentially different, and diametrically opposed concepts! – each claims reference to the yield spread premium (YSP). An entire class of financial institutions serving the consumer is being held up to public opprobrium over the legal practice of receiving YSPs from a lender [...]

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Loan Modification Companies (LMC’s) – The New Boom Industry
Like daisies springing up after a rain storm, loan modification companies (LMCs) are popping up throughout the country in the wake of the mortgage default crisis – willing, but mostly not ready, to assist borrowers in need of modification services. Readiness should mean only one thing: [...]

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