A mortgage originator advises a customer to consider accepting a higher interest rate in order to subsidize his settlement charges since he has no other funds. The borrower is qualified for the payment at the higher interest rate. This is:
A. Legal and ethical
B. Legal and unethical
C. Illegal and ethical
D. Illegal and unethical
Answer:A
A mortgage originator advises a customer to consider accepting a higher interest rate in order to subsidize his settlement charges since he has no other funds. The borrower is qualified for the payment at the higher interest rate. This is:
A. Legal and ethical B. Legal and unethical C. Illegal and ethical D. Illegal and unethical