Especially in the case of sub prime, officers received compensation in the form of yield spread premiums, which means they have been compensated as a percentage of the loan amount to trigger a higher interest loan. To date, the yield spread premiums are not in themselves illegal, as are disclosed to the borrower. Most brokers do not reveal their raw performance gains margin.
The first step to gain control to collect the loan documentation loan together. If you do not, you can send your written request approved servicer requests for copies of loan documents. Your manager has approved the receipt of a written request within 30 working days of receipt, and to correct any errors in 70 working days.