Court Opinion

ID: 9496486
Source: CourtListenerOpinion
Date Created: 2023-08-05 16:27:57.544049+00
Date Added: 2024-06-11T17:57:36.613107
License: Public Domain

BERZON, Circuit Judge,
concurring:
As I said in concurrence in Bjustrom v. Trust One Mortgage Corp., 322 F.3d 1201 (9th Cir.2003), in my view, ‘Yield spread premiums and similar devices violate the anti-kickback provisions of the Real Estate Settlement Procedures Act (RE SPA), 12 U.S.C. § 2601 et seq., because they are payments from the lender to the broker and base the amount of the payment solely on the value of the loan to the lender.” Id. at 1209; see also Schuetz v. Banc One Mortgage Corp., 292 F.3d 1004 (9th Cir.2002) (Kleinfeld, J., dissenting). As the issue has been decided in this circuit, however, for good or ill, I concur in the opinion.