Unlike in the subprime mortgage crisis, the most predatory brokers aren’t peddling bank loans

Unlike in the subprime mortgage crisis, the most predatory brokers aren’t peddling bank loans

We need common sense regulations to keep the most predatory brokers in check, and here are a few steps that Washingtoncan take right now:First, let’s strengthen federal oversight

The truth is that some brokers actually do help, offering sage counsel to small business owners to help them find the loan that best suits their needs. These respectable brokers typically earn modest fees of 1% to 3%, and that fee is paid by lenders without having any impact on the cost of the loans to borrowers. …