Forum Archive

I knew it would happen sooner or later… Something to wake me from my “blogging slumber” (a desire to comment/offer insight on relevant topics). It’s been a while as it had truly become an exercise in painful, and sadly, worthless futility. But then there are the completely CLUELESS, utterly MISINFORMED, stunningly UNEDUCATED posters who raise my ire to a level which simply can no longer be contained. And the winner is…: YSABELLE!
I have recently suffered through some of your absolutely incoherent posts over the last couple of days, all the while waiting for somebody else to completely blow you out of the water and expose you for the FRAUD that you are. Some have come close to doing so, despite your pathetic attempts to “reconcile” or “rationalize” the drivel you spout. Make no mistake dear- IT IS ABSOLUTELY, 100% ILLEGAL for a mortgage broker to pay points to a RE broker in “exchange” for a “referral”. It’s called a KICK-BACK, and if you had any clue as to precisely what that means, you would do well to keep your BLINDLY IGNORANT comments to yourself. What is a KICK-BACK you ask Ysabelle? Glad you asked! Read the following culled from an article in the Real Deal not too long ago addressing this very issue:

“Kickbacks from mortgage brokers are the payments that real estate brokers demand before they refer their buyers to the mortgage broker for a mortgage, after or even before the client has decided to buy the property. Those requests are ILLEGAL, but they are rising because of the slackening demand in mortgages across the region, said some in the industry.”

I could go on but hopefully you’ve got the point (a stretch I know…).

You’ve either got too much time on your hands, really are that stupid, or all of the above to attempt to comment so “decisively” on a topic you clearly know absolutely NOTHING about. Save us all (those who have an clue) some time and get lost!

By the way, the article can be found in the Real Deal:
March 2007
“Mortgage kickbacks on the rise”
Slack demand, consolidation increasing illegal practice

Always glad to shed some light… Even for folks like you Ysabelle.