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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

Saving the yield spread premium

... better or worse. Like it or not, the yield spread premium (YSP) will be going through its own transition soon, and, depending on the ... change will be enduring and irreversible. If the YSP is believed to be a legitimate financing tool and proves to be a useful ...

Story - Jonathan Foxx - 08/03/2009 - 09:23 - 0 comments - 0 attachments - 0 groups

Freedom Capital, LLC

... Commercially Zoned and Commercially Used Properties Only. YSP and Protected Fees for Brokers. Bank-Based ...

Wholesale Lender - admin - 07/26/2009 - 22:23 - 0 comments - 0 attachments - 0 groups

Yield spread premiums: Compensation or kickback?

... Each claims reference to the yield spread premium (YSP). An entire class of financial institutions serving the consumer is being ... some professor-politicians alike now willfully call the YSP a kickback. For a very long time, however, they viewed the YSP as a vital, ...

Story - Jonathan Foxx - 07/21/2009 - 09:17 - 0 comments - 0 attachments - 0 groups

Consumer Mortgage Audit Center study reveals the five most common mortgage violations

... the borrower on the GFE. The borrower finds out about the YSP at closing on the HUD-1, which he/she is paying for indirectly in the form ...

Story - NationalMortgag... - 07/16/2009 - 11:59 - 0 comments - 0 attachments - 0 groups

MAMB hosts Town Hall Meeting for 80-plus on HVCC and legislative issues

... The Barney Frank bill is once again trying to eliminate YSP. NAMB is working to have the terms “YSP” and “SRP” replaced with “indirect ...

Story - NationalMortgag... - 06/26/2009 - 12:46 - 0 comments - 0 attachments - 0 groups

NAMB warns of unintended harm to borrowers in mortgage reform bill: Hails legislative call for national standards for all originators

... Mortgage Reform and Anti-Predatory Lending Act of 2007, YSP, Rep. Barney Frank The National Association of Mortgage ... harm consumers will face if the Yield Spread Premium (YSP) paid to Mortgage Brokers is eliminated as stated in their co-sponsored ...

Story - admin - 11/02/2007 - 01:00 - comments - 0 attachments - 0 groups

NAMB applauds Federal Reserve Board's final HOEPA rule

... rules broker-only disclosure of yield-spread premiums (YSP). The FRB removed the proposal due to compelling evidence from consumer ... 2004 and 2007. According to the studies, disclosure of YSP created confusion among borrowers and caused many consumers to choose ...

Story - admin - 07/30/2008 - 01:00 - comments - 0 attachments - 0 groups

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