yield spread premium


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yield spread premium

See service release premium.

References in periodicals archive ?
1, 1999) (noting that yield spread premiums might be illegal where mortgage brokers receive additional fees for convincing borrowers to accept higher rates).
Curiously, the court later clarified its earlier ruling, stating "certainly the court has not reached a final decision about the legality of yield spread premiums.
Further, it reiterated the industry's appeal for a clarification by HUD of the yield spread premium issue.
Bryan wrote: "By their very nature yield spread premiums are not compensation for services actually performed by the broker.
The Federal Reserve is considering a rule change that would restrict the use of yield spread premiums, and the House FHA reform bill would strengthen the agency's powers to withdraw its approval from lenders with high default rates.
Implementation was delayed last month after industry officials objected, saying they feared Coakley intended a blanket prohibition of yield spread premiums.
Yield Spread Premiums paid by lenders to mortgage brokers was also a hotly debated topic.
The timing is perfect given the implementation of HVCC, the current House bill potentially limiting yield spread premiums and the myriad state and federal regulations making it harder to continue brokering.
THE MBA APPLAUDED THE DEPARTMENT OF Housing and Urban Development's (HUD's) statement in which HUD clarified its interpretation of the Real Estate Settlement Procedures Act (RESPA) regarding yield spread premiums (YSPs).
that went against the mortgage industry on yield spread premiums.
WHAT: The fate of Yield Spread Premiums (YSPs) and mortgage brokers has recently been in question.
A second area of discussion in the round tables has centered around the disclosure of yield spread premiums (YSP's).