Mortgage kickbacks on the rise

From the March issue: Kickbacks to real estate agents by mortgage brokers are alive and well in New York State, according to mortgage industry experts. Given the slackening demand in housing — at least until recently — the decrease in mortgages issued over the past year, and the ensuing contraction in the mortgage business, the question isn’t “if” there are kickbacks, but “how much more” often they’re paid, said the mortgage brokers, real estate brokers and other experts The Real Deal spoke to. more By Jen Benepe