House Bill Looks to Kill Yield Spread Premiums

Beware of yield spread premium (YSP) on your mortgage – Probably the easiest way to understand what Yield Spread Premium is all about is to look at a fictitious sample of a lender’s wholesale rate sheet. In this example, the Par Rate is 5.0%. If your mortgage broker originates a loan at 5.0%, no YSP is paid.

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Treasury yields rise along with stocks after House passes tax bill. The yield on the benchmark. chief market strategist at FXTM, while the spread between five- and 10-year yields fell below.

In 2010, the Federal Reserve issued new rules regarding yield spread premiums in an attempt to prevent brokers from taking advantage of buyers. The rules state that brokers can’t charge an origination fee after the lender has already raised the interest rate and paid a yield spread premium for the same loan.

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But just weeks after receiving the new weapon from Congress, the Treasury looks increasingly likely to have to use. Freddie was forced to pay a record-high yield premium on a $3-billion debt sale.

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The SECURE Act, which overwhelmingly passed the House of Representatives last Thursday, is one bill that would kill the.

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Instead, because opponents demand that everyone within earshot (or e-mail range) look, say, "at page 425 of the House bill!," the lies take. in reductions (which would be spread over 10 years and.

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