Overage. The very word should send shivers of fear down lenders' spines.

The Justice Department has initiated several investigations into the practice of paying overages - rewards to loan officers for securing higher rates or more points from borrowers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.