can I ask my mortgage broker what their Yield Spread Premium is .. and do they have to answer? Better yet, do they have to tell me the truth? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
To decide if your offer is a good deal for you, you’ll need to compare APR, the interest rate, mortgage closing costs, yield spread premium (YSP) to the monthly house payments and loan amount. Make sure you get, in addition to all federal and state required disclosures, these three documents: 1) Truth In Lending Statement which discloses the APR
Yield-Spread Premiums Prohibited Under New Loan Origination Compensation and Steering Rules By James Nguyen, J.D. Class of 2013 | Posted on March 7, 2011 at 09:40 pm Under Loan Originator Compensation and Steering rules issued by the Federal Reserve, new restrictions on loan originator compensation and steering practices will go into effect on.
S&P 500 could slump to 2,500 if the 10-year Treasury yield crosses 3.0%. the risk premium reflects the spread between the stock market’s future expected returns and the so-called risk-free.
Short Sale Incentives Coming in 2010, Treasury Says The government’s home affordable modification program (HAMP) continues to add borrowers to its roster each month, but the pace has slowed. Data released Friday by Treasury and hud shows 19,940 permanent HAMP mods were granted during the month of March. That’s down 10 percent from the 22,263 permanent mods completed in February and down 45 percent from 36,432 in March 2011.Nation added only 148,000 jobs in September Employers across the U.S. added XXXXX jobs in September, pushing the unemployment rate down slightly to XXX percentAn attendee leaves a job fair at a hotel in Boston as others line up to get in.MBA: Jumbo loans drive mortgage credit availability Is leasing the strategy that could help boost Lennar? Lennar is proud to provide our Associates a comprehensive and competitive benefits program. We also provide an environment full of spirit, enthusiasm, passion and vitality – an environment that makes our Company a very special place to work. You can make a difference. Join the Lennar Talent Network today! What is a Talent network?hud fines philadelphia real estate company for racial discrimination As Ben carson signals fair housing rollback, advocates call on Mayor Kenney to put forward a ‘bigger and bolder vision’. bailey reached the real estate company managing the apartment he was eying, and a broker agreed to give him a tour. All signs were a go.. "It is sending a signal that HUD doesn’t see anti-discrimination and. · In July, the Mortgage Bankers Association’s Mortgage Credit Availability Index ticked up 0.3 percent, rising to a reading of 179, the MBA reported. This was driven mostly by increases in credit access for jumbo and conventional mortgages, versus benchmarks of 100 set in early 2012.
Yield Spread Premiums Why Homebuyers Need to Know About YSP. Home Purchase Loan Borrowing Mortgage Refinance Fees. August 13, 2014. If you have purchased a home through a mortgage broker, you may have paid a yield spread premium (YSP) whether you realized it or not. Effectively, a YSP is a fee.
Yield spread premium abuse by mortgage brokers is collecting a rebate from the lender for delivering a high-rate loan, without the knowledge of the borrower. The way to eliminate the abuse while retaining rebates, which are valuable to many borrowers, is to enact a rule that all rebates must be credited to borrowers, who would then have to authorize the payment to brokers.
Permanent HAMP mods fall 26% in August HAMP was originally meant to help up to four million homeowners permanently modify their mortgages. But since the program began, only 1.4 million permanent loan modifications have been made through HAMP, according to the latest data from HUD. The deadline to modify your mortgage under the Home Affordable Modification Program is Dec. 31, 2015.Mortgage Bankers Association adds 11 new members in March The New York Mortgage Bankers Association furthers the standards of the real estate financing profession in the areas of education, legislation, regulation, and ethics of practice. By taking advantage of the resources offered by the New York Mortgage Bankers Association, you will be in a position to meet the demands of today’s competitive market and plan for the challenges of tomorrow.
Treasury yields rise along with stocks after House passes tax bill. The yield on the benchmark. chief market strategist at FXTM, while the spread between five- and 10-year yields fell below.
Yield Spread Premium is the exact same thing as service release premium (SRP) which is the compensation banks receive for a mortgage. By prohibiting a mortgage broker to receive YSP you will.