A settlement in a class-action lawsuit will cost Fairway Independent Mortgage Corp. more than $1 million. At issue are alleged undisclosed yield spread premiums and claims of mortgage fraud by a Missouri originator. The lead plaintiffs claim that Fairway, as a mortgage broker, had a fiduciary duty to provide them with the least expensive loan [...]
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YSPs At Issue in $1 Million Settlement
May 28th, 2011 
davidguide 
Posted in Business Loans 
Tags: class action lawsuit, Fairway, Independent, independent mortgage corp, Lead, Mortgage, mortgage fraud, settlement, spread premiums, yield, YSPs 
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