Predatory Mortgage Lending Practices Abusive Uses of Yield Spread Premiums

Witnesses: Bea Hiers, Ft. Wash., MD; Rita Herrod, Clarksburg, W. VA; Susan Johnson, Cottage Grove, MN; Howell Jackson, Harvard Univ. School of Law; John Courson, Mortgage Bankers Assoc. & Central Pacific Mortgage Co.; Joseph Falk, Nat. Assoc. of Mortgage Brokers; Ira Rheingold, Nat. Assoc. of Consumer Advocates; David Olson, Wholesale Access Mortgage Res. & Consult., Inc.; & David Donaldson, Donaldson & Guin, LLC. Additional material: Statement of ABN AMRO Mortgage Group, Inc.; Mortgage Broker Fee Agree. submitted by John Courson; Letter submitted by the Nat. Assoc. of Mortgage Brokers; & Consumer Analysis of HUD's 2001 Policy Statement on Lender Payments to Mortgage Brokers by Margot Saunders.Sarbanes, Paul S. is the author of 'Predatory Mortgage Lending Practices Abusive Uses of Yield Spread Premiums', published 2002 under ISBN 9780756744069 and ISBN 0756744067.