Have you ever known anyone that deliberately searches for a HIGHER interest rate when they want to borrow money? This is what Scott Veerkamp was doing with Yield Spread Premium. He was helping his clients search for a HIGHER interest rate so he could receive a KICKBACK on their loan. YSP cost the homeowner thousands of extra dollars over the life of the loan. The Center for Responsible Lending says Yield Spread Premium "steals equity from struggling families". Clearly, Scott Veerkamp was not "protecting and promoting the interest of the client" when he received kickbacks on predatory loans. Instead, he was protecting the interest of his own bank account.