Subscribe to the print edition of National Mortgage Professional MagazineSubscribe to our RSS feedFollow us on TwitterGet daily updates via emailJoin us on Facebook
Home › Search

Search

Search results

The Do’s and Don’ts of Complying With the Fed’s LO Comp Rule

... pay less on some deals because of yield spread premium (YSP) limitations Limitations on YSPs for specialty products that are ... loan originator (LO) compensation, yield spread premium (YSP)) ...

Story - Jonathan Pinard - 08/12/2011 - 15:17 - 0 comments - 0 attachments - 0 groups

NMP Mortgage Professional of the Month: Chris Frost, Vice President and Business Development Manager, Frost Mortgage Banking Group

... broker, you are getting paid on a yield spread premium (YSP) which is fully disclosed, so you’ve really got one option. In a ...

Story - NationalMortgag... - 05/13/2011 - 13:03 - 0 comments - 0 attachments - 0 groups

Back on Track

... Reserve Bank’s changes to yield spread premium (YSP) compensation going into effect in the second quarter of 2011, Bank of ...

Blog entry - Greg Schroeder - 04/21/2011 - 12:06 - 0 comments - 0 attachments - 0 groups

First They Came For The Mortgage Brokers!

... interest rate loans sold to the secondary market. YSP versus SRP I have written extensively about the controversy involving the YSP and the SRP. In fact, I have published remedies to resolving the ...

Story - Jonathan Foxx - 04/12/2011 - 18:57 - 0 comments - 0 attachments - 0 groups

Bankers Want LO Comp Delay, But Still Want Change

... abusive practices associated with yield spread premium (YSP) payments and similar arrangements. "The Board’s continuing ... compensation, Regulation Z, yield spread premium (YSP)) ...

Story - NationalMortgag... - 03/30/2011 - 18:41 - 0 comments - 0 attachments - 0 groups

LoanSifter Announces Enhancements to Keep Pace With LO Compensation Compliance

... interest rate or other terms, or the yield spread premium (YSP). The enhancements to LoanSifter’s product suite now enables ... Z, Truth-in-Lending Act (TILA), yield spread premium (YSP)) ...

Story - NationalMortgag... - 03/28/2011 - 11:48 - 0 comments - 0 attachments - 0 groups

Those Who Argue That Predatory Lending Was Bad Should Welcome the FRB Rule

... also would need to understand the dollar amount of the YSP to figure out what portion will be applied as a credit against their loan ...

Story - Jillayne Schlicke - 03/16/2011 - 10:20 - 0 comments - 0 attachments - 0 groups

The MLO Compensation Rule Levels

... a 12-month death watch for the broker community and YSP—by eliminating the controversy over lender-paid compensation. ... will no longer have the advantage of paying a hidden YSP to its originators. This means that you, as a mortgage broker, can compete ...

Blog entry - Paul Rozo - 02/28/2011 - 11:43 - 0 comments - 0 attachments - 0 groups

More Stupid Mortgage Rules from the Government

... for this is the “Yield Spread Premium,” or YSP. It is no secret that in the old days many disreputable mortgage lenders – not just mortgage brokers – used YSP as a way of making more money off the customer. Even though this ...

Mortgage News Ticker - Mortgage News Ticker - 02/28/2011 - 11:27 - 0 comments - 0 attachments - 0 groups

Confusion Over Mortgage Compensation to Close Out 2010

... of the loan itself. The memo also goes on to discuss YSP and whether or not a loan originator can be compensated based upon the YSP itself. While they believe that a loan originator can be compensated based ...

Mortgage News Ticker - Tommy A. Duncan - 01/10/2011 - 11:13 - 0 comments - 0 attachments - 0 groups