Scott Veerkamp used Yield Spread Premium to receive kickbacks from lenders. Ask Scott to return the kickbacks he collected on predatory loans.

The financial benefit of Yield Spread Premium belongs to the client…

You can find Yield Spread Premium on the settlement statement in your mortgage documents. It will be listed as P.O.C. or paid “outside of closing.” This shows the dollar amount of the kickback your broker received for inflating your interest rate.

The Center for Responsible Lending estimates excessive interest rates cost families $2.9 billion each year. Please take time to review the following information regarding Yield Spread Premium and Loan Steering…

Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.

Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)

Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
“Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages.

Please be advised that I am providing evidence of “Bait and Switch” advertising on behalf of Scott Veerkamp and his organization. Scott and his company ran the following advertisement in Christian Phone Book: “We will do our very best to help you get the lowest interest rates possible at the lowest possible price.”