Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about yield spread fee: | |||||||||||||||||||||||
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... Why Are "No-Cost" Mortgages Not? March 20, 2000 "I was told that a certain mortgage lender offering loans on the Internet provided grants to first-time home buyers. The grants cover all settlement costs. Is this for real?" No. I went to the web site you mentioned, and found a mortgage broker ... more... |
|||||||||||||||||||||||
yield spread fee related definitions |
|||||||||||||||||||||||
Origination Fee
Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more... Warehouse Fee Warehouse Fee Some mortgage companies borrow money on a short term basis in order to originate loans which are to be sold later in the secondary mortgage market. When the prime rate of interest is higher on short term loans than on mortgage loans, the mortgage firm has an ... more... |
|||||||||||||||||||||||
More about yield spread fee Prepaid Credit Cards Debt Settlement : What You Need To Know Debt consolidation More Options for Reducing Credit Card Costs Shocking Facts - What Debt Settlement Companies Don't Tell You Have You Ever Opened a Checking Account? Managing Credit Cards Effectively 5 Ways To Prevent Credit Card Late Fees Credit Card Entrapment - The Secrets are Out Credit Card Company Tricks How to Obtain a Non ChexSystems Bank Account Without Being Scammed
|
|
||||||||||||||||||||||
|