Drew Canfield is a mortgage broker who specializes in subprime loans. If he places borrowers in negative amortization loans, he earns a higher rebate. These loans also carry a higher interest rate for the borrowers. Drew tries to steer borrowers into these loans
A)?Drew has violated RESPA with his actions.
B)?Drew is collecting a YSP, now prohibited under RESPA.
C)?Drew can direct borrowers into higher-rate loans as long as the GFE discloses the rates.
D)?Drew cannot accept such a kickback from the lender.
C
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While formulating marketing strategy, companies such as Amway, Tupperware, and Mary Kay Cosmetics differentiate on the basis of:
A) retail sales as opposed to door-to-door. B) door-to-door as opposed to retail sales. C) retail sales as opposed to mass marketing. D) mass marketing as opposed to customized marketing.
Someone with a polychronic preference functions in two different temporal orientations, such as past and present
Indicate whether the statement is true or false
One of the main objectives of the FCPA is to prohibit foreign company representatives in the United States from bribing U.S. government, state, and county officials to obtain procurement contracts
Indicate whether the statement is true or false
Camille purchased a bond 5 years ago for $1,050. The bond paid $50 in annual interest and returned the $1,000 principal at the end of the fifth year. Camille used the interest payment to pay for college textbooks
A) Her internal rate of return was exactly than 5%. B) Her internal rate of return was greater than 5%. C) Her internal rate of return was less than 5%. D) Her internal rate of return cannot be determined.