Jack Guttentag, The Mortgage Curmudgeon.

Fortunately, there is a better rule. It is simple, easily enforceable, and would help the naive as well as the informed borrower. The rule is that lenders must credit all rebates to borrowers. The borrowers would then have to authorize the payment to brokers. The broker in my previous example, who would like to pocket a 2 point YSP on a 6.5 percent loan, could no longer do it behind the borrower’s back.