Is there a product discount point
where consumers would forsake these principles?
Huffman, "Discount Point
Concessions and the Value of Homes with Conventional Versus Non-conventional Mortgage Financing," Journal of Real Estate Finance and Economics 15, no.
calculations differ among investors.
For example, using the rate table in Figure 2, Borrower A is quoted a rate of 5.0 percent with 0.5 percent discount point
. The 2.0 percent premium paid to the borrower by the lender for the higher rate is used to offset the 2.5 percent LLPA.
15, 2013, Informa's research analysts calculated that the average rate for a purchase 30-year fixed conforming rate mortgage loan was 3.44%, with borrowers paying 1% in discount point
plus closing costs.
I explained at the meeting and in my letter that the term bona fide discount point
must be clearly defined because the nature of the reduction can make it vary considerably, depending on such circumstances as the rate and the present value of the dollar at the time of origination.
* Discount point
payments made by consumers would need to he bona fide, and used solely to buy down the interest rate.
Under Miller-Watt-Frank, this borrower would not be able to choose the prepayment and discount point
terms to make the loan more affordable.
The amendments include (1) an amended Consumer Complaint Notice and a new Mortgage Broker Recovery Fund Notice, (2) new prohibitions and requirements concerning labeling a fee a discount point
and (3) new advertising requirements.
I asked what he was quoting on a particular note rate, and he replied,"Par." After considering the MBS price, agency guaranty fee buyup and so forth, I concluded that he should have been at 99 (one discount point
Al Meera Consumer Goods Company (Al Meera) announced yesterday the launch of 'Meera Rewards', a loyalty programme aimed at thanking and enhancing customer satisfaction through discount points
and special promotions, among other benefits.