References in periodicals archive ?
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.
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.
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.