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Real Estate & Property Law

: Housing Wire

House Bill Looks to Kill Yield Spread Premiums

By PAUL JACKSON

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(Update 1: adds in industry confusion over YSP terms) Mortgage brokers should be very, very worried — a proposal unveiled in Congress Friday morning would ban all yield spread premiums, a move that brokers say would essentially kill the market for all third-party mortgage originations. There is clearly some confusion among those in the industry as to [...]

Full post as published by Housing Wire on March 27, 2009 (boomark / email).

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