The Next Big Mortgage Fraud Scheme No One Knows About

An online article at Best Syndication describes what sounds like a mortgage fraud scheme reportedly unknown to most people that is "clothed" as a mortgage principal reduction program and involves refinancing an existing mortgage every three months, doing it with a different lender, and splitting the yield spread premium, or YSP, with the borrower on each refinance. I don't know what to make of this, but if your interested, see The Next Big Mortgage Fraud Scheme, No One Knows About.