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Referral Fees

Mortgage Referral Fees and the Public Interest: 40 Years of Bungles

Jack M. Guttentag | Posted 06.08.2015 | Business
Jack M. Guttentag

Markets don't work well when one party to transactions has much more information than the other party, especially when the party with better information also controls the process. The two best illustrations of this rule are the markets for medical services and home mortgages.

SUPREME COURT FINALLY GUTS HONEST-SERVICE FRAUD

Gary S. Chafetz | Posted 05.25.2011 | Home
Gary S. Chafetz

Today, in a unanimous decision, the Supreme Court gutted the honest-services fraud statute --"depriv[ing] another of the intangible right of honest se...