Comments on: Yield Spread Premiums a Scam? http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/ Blogging about personal finance, foreclosures, mortgages, interest rates, and budgeting. Wed, 18 Nov 2009 03:45:46 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: in france car rentals http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/comment-page-1/#comment-12183 in france car rentals Wed, 31 Dec 2008 01:28:28 +0000 http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/#comment-12183 rentals car national france <a href="http://kjsdgl2009.blogspot.com" rel="nofollow">france in car rentals</a> rentals car national france france in car rentals

]]> By: Dan Tanner http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/comment-page-1/#comment-10398 Dan Tanner Fri, 12 Dec 2008 02:45:41 +0000 http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/#comment-10398 # James Keyes said: on November 26th at 11:55 am This is a pretty good explanation of YSP. There is one tiny error at the end though. You theorize that a borrower would potentially save more over the life of the loan with a lower rate…if the borrower held the loan for 30 years, that might be the case, but two little facts contradict this theory. 1) No one keeps a loan for 30 years anymore. They are 95% likely to sell or refinance sooner…usually within just 5 years. At that point it makes much more sense to NOT pay the extra broker fee. 2) Consider the number of shorter term loans. 3, 5, 7 and 10 year loans have become very popular. It makes no sense to pay an extra fee for a loan you will only keep for a few years before refinancing. #
James Keyes said:
on November 26th at 11:55 am

This is a pretty good explanation of YSP. There is one tiny error at the end though. You theorize that a borrower would potentially save more over the life of the loan with a lower rate…if the borrower held the loan for 30 years, that might be the case, but two little facts contradict this theory.

1) No one keeps a loan for 30 years anymore. They are 95% likely to sell or refinance sooner…usually within just 5 years. At that point it makes much more sense to NOT pay the extra broker fee.
2) Consider the number of shorter term loans. 3, 5, 7 and 10 year loans have become very popular. It makes no sense to pay an extra fee for a loan you will only keep for a few years before refinancing.

]]> By: Dan Tanner http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/comment-page-1/#comment-10397 Dan Tanner Fri, 12 Dec 2008 02:45:05 +0000 http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/#comment-10397 till payday loan help payday php loan till till payday loan help payday php loan till

]]> By: Dan Tanner http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/comment-page-1/#comment-2841 Dan Tanner Wed, 30 Jul 2008 04:00:36 +0000 http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/#comment-2841 YSP known as yield spread premiums are declared to homeowners upfront in good faith estimates and are included in the loan papers by law. There is no hanky panky in this. Mortgage products have built in pricing models for different layers of mortgage people in the industry and your mortgage broker/ bank needs to be paid for services when you take out no point loans. http://indexoptionstrading.alliancemtg.com YSP known as yield spread premiums are declared to homeowners upfront in good faith estimates and are included in the loan papers by law. There is no hanky panky in this. Mortgage products have built in pricing models for different layers of mortgage people in the industry and your mortgage broker/ bank needs to be paid for services when you take out no point loans.

http://indexoptionstrading.alliancemtg.com

]]> By: Cindy Gonzalez http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/comment-page-1/#comment-2836 Cindy Gonzalez Tue, 29 Jul 2008 16:18:34 +0000 http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/#comment-2836 http://www.HomeInvestorToolBox.com http://www.HomeInvestorToolBox.com

]]> By: Cindy Gonzalez http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/comment-page-1/#comment-2664 Cindy Gonzalez Wed, 09 Jul 2008 15:49:07 +0000 http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/#comment-2664 That is a very helpful explanation. Thanks....Do you know I have asked the question many times and got the run around on the answer. Now I find relief to be able to explain it to my clients with confidence. Cindy Gonzalez, Fl Lic Mortgage Broker, Specializing in Investors Rehab Hard Money Loans in Florida That is a very helpful explanation. Thanks….Do you know I have asked the question many times and got the run around on the answer. Now I find relief to be able to explain it to my clients with confidence. Cindy Gonzalez, Fl Lic Mortgage Broker, Specializing in Investors Rehab Hard Money Loans in Florida

]]> By: Joseph Bisogno http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/comment-page-1/#comment-551 Joseph Bisogno Tue, 08 Jan 2008 12:40:39 +0000 http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/#comment-551 Several members of our Loan Compliance Advisory Group attended the "March on Wall Street." We support the "Save Our Homes/Restructure Loans" important message that Rev. Jackson and his dedicated coalition members are spreading across America. The December 10th rally, one of several across the United States, sponsored by Rev. Jessie Jackson's Rainbow PUSH Coalition, the National Association for the Advancement of Colored People and the Urban League, was a magnificent well planned informative event. Our Loan Compliance Advisory Group is committed to helping "Protect The American Dream." We are dedicated to helping Homeowners Nationwide, that may be victims of Deceptive Lending Practices.We are open for any suggestions on how we can help. Please contact Joseph Bisogno at (800) 529-7184 or visit our web site at www.loancomplianceadvisorygroup.com Several members of our Loan Compliance Advisory Group attended the “March on Wall Street.” We support the “Save Our Homes/Restructure Loans” important message that Rev. Jackson and his dedicated coalition members are spreading across America. The December 10th rally, one of several across the United States, sponsored by Rev. Jessie Jackson’s Rainbow PUSH Coalition, the National Association for the Advancement of Colored People and the Urban League, was a magnificent well planned informative event.

Our Loan Compliance Advisory Group is committed to helping “Protect The American Dream.” We are dedicated to helping Homeowners Nationwide, that may be victims of Deceptive Lending Practices.We are open for any suggestions on how we can help. Please contact Joseph Bisogno at (800) 529-7184 or visit our web site at http://www.loancomplianceadvisorygroup.com

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]]> By: James Keyes http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/comment-page-1/#comment-345 James Keyes Mon, 26 Nov 2007 16:55:26 +0000 http://www.bankaholic.com/finance/yield-spread-premiums-a-scam/#comment-345 This is a pretty good explanation of YSP. There is one tiny error at the end though. You theorize that a borrower would potentially save more over the life of the loan with a lower rate...if the borrower held the loan for 30 years, that might be the case, but two little facts contradict this theory. 1) No one keeps a loan for 30 years anymore. They are 95% likely to sell or refinance sooner...usually within just 5 years. At that point it makes much more sense to NOT pay the extra broker fee. 2) Consider the number of shorter term loans. 3, 5, 7 and 10 year loans have become very popular. It makes no sense to pay an extra fee for a loan you will only keep for a few years before refinancing. This is a pretty good explanation of YSP. There is one tiny error at the end though. You theorize that a borrower would potentially save more over the life of the loan with a lower rate…if the borrower held the loan for 30 years, that might be the case, but two little facts contradict this theory.

1) No one keeps a loan for 30 years anymore. They are 95% likely to sell or refinance sooner…usually within just 5 years. At that point it makes much more sense to NOT pay the extra broker fee.
2) Consider the number of shorter term loans. 3, 5, 7 and 10 year loans have become very popular. It makes no sense to pay an extra fee for a loan you will only keep for a few years before refinancing.

]]>