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Mortgage Professor about yield spread: | |||||||||||||||||||||||
A Better Approach to Yield Spread Premiums?
April 22, 2002 "I read recently that HUD is not going to adopt proposals for requiring effective disclosure of yield spread premiums. Is there any other way of dealing with the problem that doesn?t involve throwing out the baby with the dirty bathwater?" There is ... more... Commitment of an Upfront Mortgage Broker (UMB) July 26, 2000, Revised July 16, 2004, Revised November 10, 2004 1. The broker will be the customer's representative or agent, and will endeavor to act in the best interests of the customer. 2. ... more... |
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yield spread related definitions |
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Jumbo Loan
Jumbo Loan A loan that is larger than the limits set yearly by Fannie Mae and Freddie Mac ($359,650 as of 1/1/2005). Because jumbo loans cannot be funded by these two agencies, jumbo loans usually carry a higher interest rate. Also called a non-conforming loan. For Alaska, ... more... Truth-In-Lending, TILA Truth-In-Lending A federal law requiring disclosure of the Annual Percentage Rate to home buyers shortly after they apply for the loan. Also known as Regulation Z and Truth-In-Lending-Act (TILA). Requires disclosures about its terms and cost and gives consumers the right ... more... |
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