mortgage brokers losing ysp


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Broker fee & YSP on FHA loan - Zillow Mortgage Advice
Apr 21, 2010 . You mentioned you are using a broker so any YSP, under the new . to find another lender, we won't close on time, and risk losing the deal.

  • Bailey Button

    Does Elimination of the Origination Fee Benefit The Reverse ...
    Apr 13, 2010 . Victories In The Battle Against Lost Home Equity . Just like any business, mortgage brokers have expenses to run their business. . offering reverse mortgage brokers a Yield Spread Premium (YSP) or broker compensation, .

  • Classic Tall

    FINANCE - US Real Estate Depot
    Flat Fee Mortgage - can it rescue the Mortgage Broker Industry? . a yield spread premium (YSP) which occurs when a borrower agrees to pay above par . If interest rates rise or if you lose your income or your credit score drops then you may .

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    My mortgage broker did not disclose YSP do we have any recourse ...
    May 21, 2008 . The mortgage broker that we used to buy our home did not disclose a 2.5% YSP before the day of signing and we have since lost the home to .

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  • Gillespie Tall

    Should you sue your lender? - MSN Real Estate
    In a thirst for money, lenders and mortgage brokers have been all too willing to put them into . "I don't want to lose my house," Jim says simply. . Instead, the lender and the broker waited until the last minute and disclosed the YSP in the fine .

  • Classic Short

    Service Release Premium – Your bank's dirty little secret
    Let us say that your mortgage broker is able to secure financing of your new home at a rate of 6.5%. If he then tells . The SRP is to banks what the YSP is to mortgage brokers. In other . Can I Lose My Car if the Bank Screws Up? by Wendell .

  • Bailey Button

    Senate Votes To Ban Mortgage YSP and Stated Income Loans
    May 13, 2010 . The Senate just voted to ban mortgage broker YSP (yield spread premiums) and stated income loans. . The argument about broker YSP is not a new one. . Result in millions of mortgage loan officers losing their jobs.

  • Classic Tall

    CFPB Should Reconsider Dodd-Frank's ... - UNC School of Law
    Previous to the mortgage broker compensation changes, brokers . specific YSP .50 The test required (1) that a mortgage broker provided a . Association of Realtors recently announced they lost more than 100,000 members since. 2006.

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  • Bailey Button Triplet

    Yield spread premium - Wikipedia, the free encyclopedia
    They point out that the YSP is a fee paid to the broker, and therefore its exact amount . or if the transaction becomes stressed, will usually lose it to lender extension . 1 Banks versus Mortgage Brokers and YSP; 2 "Giveaway to Big Business?

  • Adirondack Boot II

    Yield spread premium | The Truth About
    The definition of yield spread premium in relation to mortgage lending. . Basically, the bank or broker will charge a YSP large enough to offset any upfront fees the borrower would have to pay, and still end up . Investors Lose Interest in the .

  • Classic Tall

    CFPB Needs to Fix SRP, YSP Definitions | REAL TIME ...
    May 22, 2012 . CFPB Needs to Fix SRP, YSP Definitions Brian Benjamin MAY 22, 2012 . From the moment that HUD required mortgage brokers to disclose all their . on its back: two million construction workers had lost their jobs and terms .

  • Bailey Button

    Refinancing Mortgage Rate
    While qualifying for the lowest refinancing mortgage rate will get you a lower . When Lenders Compete, You Lose . If you're upfront with your mortgage broker when comparison shopping and tell them you understand how YSP works and .

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  • Mini Bailey Button

    The truth about YSP - Seattle mortgage |
    Nov 20, 2009 . Many mortgage brokers, and mortgage bankers, use YSP to pay closing costs for . Losing YSP would eliminate that advantage for borrowers.

  • Classic Short Dylyn

    HUD and Yield Spread Premiums - Mortgage Professor
    Here is a common scenario where a broker collects a YSP from the lender . action, but none are prepared to assume a leadership role because of fear of loss of .

  • Bailey Button

    Congress, YSP (Yield Spread Premium), and the Real Estate ...
    Feb 8, 2010 . The difference is that the mortgage broker has to disclose the YSP that they . MIKE.... . it's beyond nuts.... but you lost me with this comment.

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  • Classic Sparkles

    Yield Spread Premium - Say What? - Get Your Best Mortgage Rate
    If the mortgage broker never followed through with a lock-in before interest rates rose, increased rates lowered your YSP rebate. In addition to losing any profit, .

  • Classic Tall

    What Does an Interest Rate at Par Mean? |
    The reason for this is called a yield spread premium (YSP), which can greatly effect . Mortgage Banker Association: A Financial Analysis of Consumer Mortgage .