Culpepper v. Inland Mortgage Corp. YSP is still legal

The manner in which mortgage brokers are paid by lenders is called Yield Spread Premium. A ruling by the 11th Circuit Court of Appeals has reaffirmed its position in a 12-year-old legal battle that lender-paid fees to mortgage brokers are proper unless consumers can prove the amount is excessive.

Here's the court documents from the 1989 case.

Cuomo Subpoenaing New York Mortgage Companies

Apparently the New York Attorney General is interested in learning more about the industry and how mortgage brokers get paid. When he was with HUD he wanted more strict disclosures about lender payments to mortgage brokers, called Yield Spread Premiums (YSP). I'm unable to find which companies have received subpoenas, but I'm very interested to know. I'd to see if there's a general target like subprime loans, or emerging market loans.