The Locally Owned Voice of the Capital Region
Op-ed column

Ending so-called ‘mortgage kickbacks’ won’t help borrowers

Sunday, April 14, 2013
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Op-ed column


The Consumer Financial Protection Bureau is right that mortgage reinsurance arrangements are really kickbacks for the referral of business, but it is wrong in suggesting that eliminating them will reduce costs to borrowers. In my view, it is just as likely, perhaps more likely, that the cost to borrowers will increase....

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