In the spirit of full disclosure...
Coincidentally, after the deal was finalized, I went back to my friend who made the referral and asked him about YSP. He said he had never heard of it and then went on to say that he worked with this broker on three separate occassions in the past. I guess the broker never disclosed this to him either.
Three transactions, three times on a Broker Fee Agreement, three times on a GFE, and three times it's disclosed on the final HUD-1 at closing.
You expect us to believe he didn't notice it or question it all three whole times and at least 9 disclosures later?
You've flip flopped back and forth on YSP being beneficial to the buyer (see above) then proceed to say YSP should be eliminated and added to line 802 of GFE which, BTW, is Loan Discount and paid to the Bank directly by the consumer, not to the Broker.
You've hardly made an argument here to remove YSP and addressed my question about shopping and investigation with a lame excuse of not having time when you are making one of the largest purchases one can make. (but somehow had time to call a Broker friend to ask how to work the system)
I was hoping to engage you in intelligent discord regarding the subject, but you just proved to me that you and your ilk will be the first to feign ignorance about their ARM loans too at the first sign of trouble, which is partially responsible for our current housing crisis.