Predatory Brokers

``Many brokers do legitimate work that helps homebuyers sort through competing loan proposals and make good choices. In those cases, the fees they get from lenders — typically 1 percent or 2 percent of the loan amount — are fully justified. But many others, attracted by obscene profits associated with the subprime lending binge, did not act in a fair and ethical manner. Congress is finally seeking ways to rein in these brokers.''