House Bill Looks to Kill Yield Spread Premiums

The GOP’s health-care bill, the American Health Care Act, has gone through several revisions before making it to the House floor, where it now looks likely to pass with a razor-thin margin.

Moreover, the average amount of yield spread premiums is quite substantial, on the order of $1,850 per transaction," said Prof. Howell E. Jackson, a law professor and associate dean of research and special programs at Harvard University, testifying earlier this year before the U.S. Senate Committee on Banking Housing and Urban Affairs.

The term ‘Yield Spread Premium’ is derived from the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (USA). Yield Spread Premium is a fee or commission paid by a lender to a mortgage loan originator (mortgage broker or retail bank) in exchange for a commitment by a borrower to pay a higher interest rate.

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 · Trump warns House GOP: The midterms will be a bloodbath if this health-care bill doesn’t pass; Share on Facebook Share on Twitter.. Is Paul going to kill singlehandedly what may be the party’s best chance of replacing O-Care? Trump won Kentucky, his home state, by 30 points. Paul’s more ideological than most Republicans in Congress but.

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A yield spread premium (YSP) is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower up front costs, generally paid in origination fees, broker fees or discount points.This "may [be used to] wipe out or offset other loan costs, like Loan Level Pricing Adjustments (instituted by FNMA)."

House committee votes to end FHA Short Refi program The FHA Short Refinance Option-Help For Non-FHA Borrowers. The program is not open-ended-the original fha press release announcing the start date of the FHA Short Refinance option says the program is expected to help as many as four million homeowners through the end of 2012. The FHA press release says the FHA Short Refinance program is voluntary.GSEs $17B bond auction endangers the mortgage bond market U.S. treasury yields gave back some of their earlier climb on Wednesday after a strong bond auction helped to reaffirm appetite for government paper following an earlier report that China was.Donovan: Sequestration could devastate Fed housing programs On April 2, HUD Secretary Shaun Donovan testified at a house transportation-hud subcommittee oversight hearing on HUD’s Office of Public and Indian Housing programs. In his opening statement, Subcommittee Chairman Tom Latham (R-IA) commented that over the years, funding needs for renewals have steadily crowded out funding for other priority programs.

Yield-Spread Premiums Prohibited Under New loan origination compensation and Steering Rules By James Nguyen, J.D. Class of 2013 | Posted on March 7, 2011 at 09:40 pm Under Loan Originator Compensation and Steering rules issued by the Federal Reserve, new restrictions on loan originator compensation and steering practices will go into effect on.

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Kill Mortgage Bill From a summary of the proposed bill: "Yield spread premiums and other compensation that could cause mortgage originators (i.e., mortgage brokers and bank loan officers) to "steer" applicants.