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NAIHP calls on FHFA to withdraw HVCC guidelines, due to findings of the MARI Report on fraud

... FRB comment letter signed by 18 Senators seeking YSP ban. RESPA Reform. ...

Blog entry - National Associ... - 05/06/2010 - 01:21 - 0 comments - 0 attachments - 0 groups

The Secondary Market Overview: From bonds to production ... The Good Faith Estimate and rate risk

... brokers, it will make the use of a yield spread premium (YSP) transparent by showing the applicant how the YSP gets credited to their closing costs, which includes the broker’s ...

Story - Dave Hershman - 04/20/2010 - 10:54 - 0 comments - 0 attachments - 0 groups

Former California mortgage broker sentenced for tax fraud and kickbacks in real estate transactions

... he earned as part of the yield spread premium (YSP) that was reported by the lending institutions themselves to the IRS, ... William B. Shubb, William T. Bridge, yield spread premium (YSP)) ...

Story - NationalMortgag... - 04/20/2010 - 09:44 - 0 comments - 0 attachments - 0 groups

A View From the “C” Suite: Branching offers a safe haven

... the disclosure and limitation on yield spread premiums (YSP). It sounds preposterous to comment about this strategy like this, but the ... likely provides protection from regulatory assault on the YSP. Typically, the home office of the partner branch manages payroll, ...

Story - Andrew Schell - 03/17/2010 - 14:32 - 0 comments - 0 attachments - 0 groups

The new RESPA reform rule: An overview

... [For example, if the lender pays a yield spread premium (YSP) to a mortgage broker for the loan set forth in the GFE, the payment must ... Truth-in-Lending (TIL) disclosures, yield spread premium (YSP)) ...

Story - Jonathan Foxx - 02/12/2010 - 13:45 - 0 comments - 2 attachments - 0 groups

NAMB announces Call to Action on Regulation Z revisions

... proposal on originator compensation that will eliminate YSP. Although the Board does acknowledge that YSP may provide some benefits to consumers, it believes that this benefit may ...

Story - NationalMortgag... - 12/10/2009 - 12:27 - 0 comments - 0 attachments - 0 groups

NAMB Presents "The Future of YSP and Originator Compensation" Webinar

... of the Union," many asked about the future of YSP and LO compensation. Please join us for a live Q & A specifically addressing: ◄ Pending regulation affecting YSP and originator compensation ◄ NAMB's position on YSP and how they're addressing the issue on Capitol Hill ◄ The ...

Event - NationalMortgag... - 10/22/2009 - 15:24 - 0 comments - 0 attachments - 0 groups

NAMB to host Emergency State of the Union Webinar on October 1st

... of the topics for discussion will include: ► YSP is going away come January 2010 ... or isn't it? ► FHA lending ... Jim Pair, Mark Green, Webinar, yield spread premium (YSP)) ...

Story - NationalMortgag... - 10/22/2009 - 09:09 - 0 comments - 0 attachments - 0 groups

Service release premium versus yield spread premium: Match or mismatch?

... (SRP), and the latter, known as the yield spread premium (YSP), seem to share similar functionality, but may soon have quite different fates. The YSP will virtually cease to exist if the Mortgage Reform and Anti-Predatory ...

Story - Jonathan Foxx - 08/27/2009 - 10:50 - 0 comments - 0 attachments - 0 groups

Sneak peek at National Mortgage Professional Magazine August 2009 issue

... in the Credit Reporting System?"   YSP vs. SRP Jonathan Foxx's featured contribution this month is ...

Blog entry - Andrew T. Berman - 08/08/2009 - 00:04 - 1 comment - 0 attachments - 0 groups