It has been accepted for inclusion in Faculty Publications, Department of Child, Youth, and Family Studies by an authorized. administrator of DigitalCommons@University of Nebraska - Lincoln. Miller, Richard B. and Hollist, Cody S., Attrition Bias (2007).Faculty Publications, Department of Child, Youth, and Family Studies.
The average loan origination fee will be 0.5 to 2% of the loan amount, if expressed in points. It is charged by mortgage brokers for processing and closing your mortgage. Sometimes title fees, escrow, appraisal and other fees will be zeroed, but the loan origination fee will be inflated and high above the average. If that is the case, your loan origination fee will not be tax deductible.
Average fee revenue equaled $15.26 per $100 payday advance loan. Average cost equaled $13.89 per $100 payday advance. The cost per $100 loan includes a bad debt cost of $3.74 and operating costs of $9.41. The remainder of the costs reflects the cost of loan capital and supplementary capital. On a pre-tax basis, the average profit equaled $1.37 per $100 loan issued. On an average payday advance of $379, providers realize an average pretax profit of $5.22.