Relevant:
- HUD Introduces New Good Faith Estimate and Proposes Other Changes to RESPA
- yield spread premiums banned
- New HUD Mandated Mortgage Good Faith Estimate Form Provides New Layer of Confusion for Home Buyers Regarding Broker Compensation, Transparency
- House Bill Looks to Kill Yield Spread Premiums
- mortgage brokers fight for yield spread premium
2008-11-17 — marketwatch.com
Disclosure of Yield Spread Premiums; good faith estimate now required.
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Comments:
mortgagemess at 23:49 2008-11-17 said:
"Lender payments to mortgage brokers, often referred to as yield spread premiums, will also be disclosed in a "more meaningful way," the department said. " I see this as a good thing. Borrowers should know how much in DOLLARS a broker is being paid from the front and the back. Permalinkadd a comment | go to forum thread
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