SettingsMortgage industry of the United States
2010 United States foreclosure crisis
The 2010 United States foreclosure crisis, sometimes referred to as foreclosure-gate, is an ongoing and unresolved issue in the United States and refers to an apparently widespread epidemi...
The 2010 United States foreclosure crisis, sometimes referred to as foreclosure-gate, is an ongoing and unresolved issue in the United States and refers to an apparently widespread epidemi...
311 Foreclosure Prevention Programs
The City of Chicago and Neighborhood Housing Services (NHS) of Chicago pioneered the 311 Foreclosure Prevention Program as a consumer counseling and information service which helps homeowners at...
The City of Chicago and Neighborhood Housing Services (NHS) of Chicago pioneered the 311 Foreclosure Prevention Program as a consumer counseling and information service which helps homeowners at...
Adjustable-rate mortgage
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index whic...
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index whic...
Alternative Mortgage Transaction Parity Act of 1982
The Alternative Mortgage Transaction Parity Act of 1982, also known as AMTPA, preempts state laws that restrict banks from making any mortgage except conventional fixed rate amortizing m...
The Alternative Mortgage Transaction Parity Act of 1982, also known as AMTPA, preempts state laws that restrict banks from making any mortgage except conventional fixed rate amortizing m...
American Credit Union Mortgage Association
The American Credit Union Mortgage Association (ACUMA) is a U.S. trade organization for credit unions that are involved in the origination and securitization of real estate loans.
The American Credit Union Mortgage Association (ACUMA) is a U.S. trade organization for credit unions that are involved in the origination and securitization of real estate loans.
Appraisal subordination entitlement reduction
Appraisal Subordination Entitlement Reduction (ASER) or Collateral Valuation Adjustments (CVA) are CMBS structuring innovations desined to improve overall transaction credit quality.
Appraisal Subordination Entitlement Reduction (ASER) or Collateral Valuation Adjustments (CVA) are CMBS structuring innovations desined to improve overall transaction credit quality.
Assumption of mortgage
Assumption of mortgage is the purchase of mortgaged property whereby the buyer accepts liability for an existing debt secured by a mortgage on the property.
Assumption of mortgage is the purchase of mortgaged property whereby the buyer accepts liability for an existing debt secured by a mortgage on the property.
Blanket loan
A blanket loan, or blanket mortgage, is a type of loan used to fund the purchase of more than one piece of real property.
A blanket loan, or blanket mortgage, is a type of loan used to fund the purchase of more than one piece of real property.
Burlington Company
The Burlington Company was a group of eight investors involved in a variety of land transactions.
The Burlington Company was a group of eight investors involved in a variety of land transactions.
Certified mortgage consultant
A Certified Mortgage Consultant is the most advanced designation for mortgage professionals who are members of the National Association of Mortgage Brokers.
A Certified Mortgage Consultant is the most advanced designation for mortgage professionals who are members of the National Association of Mortgage Brokers.
Certified Mortgage Planner
In the United States Certified Mortgage Planner is a designation for the purpose of establishing a new professional category in the mortgage sector: one that arose as a response to criticisms of...
In the United States Certified Mortgage Planner is a designation for the purpose of establishing a new professional category in the mortgage sector: one that arose as a response to criticisms of...
Chain of Blame
Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis is a 2008 book about the subprime mortgage crisis in the United States by investigative journalists Paul Muolo of Nati...
Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis is a 2008 book about the subprime mortgage crisis in the United States by investigative journalists Paul Muolo of Nati...
Collateral Valuation Adjustments
Collateral Valuation Adjustment (CVA) or Appraisal Subordination Entitlement Reduction (ASER) are CMBS structuring innovations designed to improve overall transaction credit quality.
Collateral Valuation Adjustment (CVA) or Appraisal Subordination Entitlement Reduction (ASER) are CMBS structuring innovations designed to improve overall transaction credit quality.
Collateral valuation adjustments
Collateral valuation adjustment or appraisal subordination entitlement reduction are CMBS structuring innovations designed to improve overall transaction credit quality.
Collateral valuation adjustment or appraisal subordination entitlement reduction are CMBS structuring innovations designed to improve overall transaction credit quality.
Commitment rate
Commitment rates are the rates at which mortgage loans can be sold to another entity, such as Fannie Mae and Freddie Mac or other lenders.
Commitment rates are the rates at which mortgage loans can be sold to another entity, such as Fannie Mae and Freddie Mac or other lenders.
Community Reinvestment Act
The Community Reinvestment Act is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their commun...
The Community Reinvestment Act is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their commun...
Creative financing
Creative financing is a term used widely amongst real estate investors to refer to non-traditional means of real estate financing, or financing techniques not commonly used.
Creative financing is a term used widely amongst real estate investors to refer to non-traditional means of real estate financing, or financing techniques not commonly used.
Debt-to-income ratio
A debt-to-income ratio (often abbreviated DTI) is the percentage of a consumer's monthly gross income that goes toward paying debts.
A debt-to-income ratio (often abbreviated DTI) is the percentage of a consumer's monthly gross income that goes toward paying debts.
Denali Alaskan Home Loans
Denali Alaskan Home Loans is the home-financing department of Denali Alaskan Federal Credit Union, based in Anchorage, Alaska, offering a variety of mortgage services for members of the Credit U...
Denali Alaskan Home Loans is the home-financing department of Denali Alaskan Federal Credit Union, based in Anchorage, Alaska, offering a variety of mortgage services for members of the Credit U...
Denali Alaskan Mortgage
Denali Alaskan Mortgage is the home-financing department of Denali Alaskan Federal Credit Union, based in Anchorage, Alaska, offering a variety of mortgage services for members of the Credit Uni...
Denali Alaskan Mortgage is the home-financing department of Denali Alaskan Federal Credit Union, based in Anchorage, Alaska, offering a variety of mortgage services for members of the Credit Uni...
Due-on-sale clause
A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance may be called due upon sale or transfer of ownership of the property used to secure the note.
A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance may be called due upon sale or transfer of ownership of the property used to secure the note.
eMortgages
An eMortgage is an electronic mortgage where the loan documentation is created, executed, transferred and stored electronically.
An eMortgage is an electronic mortgage where the loan documentation is created, executed, transferred and stored electronically.
Fannie Mae
The Federal National Mortgage Association, commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal.
The Federal National Mortgage Association, commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal.
Federal Agricultural Mortgage Corporation
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly-traded company that was chartered by the United States federal government in 1988 ...
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly-traded company that was chartered by the United States federal government in 1988 ...
Federal Housing Administration
The Federal Housing Administration is a United States government agency created as part of the National Housing Act of 1934.
The Federal Housing Administration is a United States government agency created as part of the National Housing Act of 1934.
Federal takeover of Fannie Mae and Freddie Mac
The federal takeover of Fannie Mae and Freddie Mac refers to the placing into conservatorship of government sponsored enterprises Fannie Mae and Freddie Mac by the U.S. Treasury in September 2008.
The federal takeover of Fannie Mae and Freddie Mac refers to the placing into conservatorship of government sponsored enterprises Fannie Mae and Freddie Mac by the U.S. Treasury in September 2008.
FHA insured loan
An FHA insured loan is a Federal Housing Administration mortgage insurance backed mortgage loan which is provided by a FHA-approved lender.
An FHA insured loan is a Federal Housing Administration mortgage insurance backed mortgage loan which is provided by a FHA-approved lender.
FHA-Secure
FHA-Secure is a Federal Housing Administration refinancing program to help borrowers avoid foreclosure.
FHA-Secure is a Federal Housing Administration refinancing program to help borrowers avoid foreclosure.
Fixed rate mortgage
A fixed rate mortgage is a mortgage loan first developed by the Federal Housing Administration where the interest rate on the note remains the same through the term of the loan, as opposed to lo...
A fixed rate mortgage is a mortgage loan first developed by the Federal Housing Administration where the interest rate on the note remains the same through the term of the loan, as opposed to lo...
Fixed-rate mortgage
A fixed rate mortgage (FRM) is a mortgage loan first developed by the Federal Housing Administration (FHA) where the interest rate on the note remains the same through the term of the loan, as o...
A fixed rate mortgage (FRM) is a mortgage loan first developed by the Federal Housing Administration (FHA) where the interest rate on the note remains the same through the term of the loan, as o...
Floor loan
Floor loan is mostly associated with mortgage and property loans.
Floor loan is mostly associated with mortgage and property loans.
Freddie Mac
The Federal Home Loan Mortgage Corporation, known as Freddie Mac, is a public government sponsored enterprise, headquartered in the Tyson's Corner CDP in unincorporated Fairfax County, Vir...
The Federal Home Loan Mortgage Corporation, known as Freddie Mac, is a public government sponsored enterprise, headquartered in the Tyson's Corner CDP in unincorporated Fairfax County, Vir...
Full documentation loan
In the United States, Full Documentation Loan refers to a loan where all income and assets are documented.
In the United States, Full Documentation Loan refers to a loan where all income and assets are documented.
Gap financing
Gap Financing is a term mostly associated with mortgage loans or property loans.
Gap Financing is a term mostly associated with mortgage loans or property loans.
Good faith estimate
A good faith estimate, referred to as a GFE, must be provided by a mortgage lender or broker in the United States to a customer, as required by the Real Estate Settlement Procedures Act.
A good faith estimate, referred to as a GFE, must be provided by a mortgage lender or broker in the United States to a customer, as required by the Real Estate Settlement Procedures Act.
Government National Mortgage Association
The Government National Mortgage Association (GNMA), or Ginnie Mae, was established in the United States in 1968 to promote home ownership.
The Government National Mortgage Association (GNMA), or Ginnie Mae, was established in the United States in 1968 to promote home ownership.
Graduated payment mortgage loan
A graduated payment mortgage loan, often referred to as GPM, is a mortgage with low initial monthly payments which gradually increase over a specified time frame.
A graduated payment mortgage loan, often referred to as GPM, is a mortgage with low initial monthly payments which gradually increase over a specified time frame.
Hard money lender
Hard money lenders are lending companies offering a specialized type of real-estate backed loan.
Hard money lenders are lending companies offering a specialized type of real-estate backed loan.
Hard money loan
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate.
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate.
Hardest Hit Fund
The United States Treasury established the Hardest Hit Fund in February 2010, to provide targeted aid to states hit hardest by the economic crisis.
The United States Treasury established the Hardest Hit Fund in February 2010, to provide targeted aid to states hit hardest by the economic crisis.
Home Affordable Refinance Program
The Home Affordable Refinance Program, also known as HARP, is a federal program of the United States, set up by the Federal Housing Finance Agency in March 2009 to help underwater and near-under...
The Home Affordable Refinance Program, also known as HARP, is a federal program of the United States, set up by the Federal Housing Finance Agency in March 2009 to help underwater and near-under...
Home Mortgage Disclosure Act
The United States Home Mortgage Disclosure Act (or HMDA, pronounced HUM-duh) was passed in 1975.
The United States Home Mortgage Disclosure Act (or HMDA, pronounced HUM-duh) was passed in 1975.
HUD auction
A HUD auction is a form of foreclosure auction except the original lender was a federal agency instead of a private lender.
A HUD auction is a form of foreclosure auction except the original lender was a federal agency instead of a private lender.
Jumbo mortgage
In the United States, a jumbo mortgage is a mortgage loan in an amount above conventional conforming loan limits.
In the United States, a jumbo mortgage is a mortgage loan in an amount above conventional conforming loan limits.
Lenders mortgage insurance
Lenders Mortgage Insurance (LMI), also known as Private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required ...
Lenders Mortgage Insurance (LMI), also known as Private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required ...
Loan modification company
A loan modification company, also known as a mortgage modification company, is a business that helps homeowners modify the terms of their home loans or mortgages.
A loan modification company, also known as a mortgage modification company, is a business that helps homeowners modify the terms of their home loans or mortgages.
Loan modification in the United States
Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s.
Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s.
Loan origination
Loan origination / Loan Origination Fee is the process by which a borrower applies for a new loan, and a lender processes that application.
Loan origination / Loan Origination Fee is the process by which a borrower applies for a new loan, and a lender processes that application.
Loan purpose
Pertaining to mortgages and their risk based pricing factors, the loan purpose factor is sub-categorized by purchase, Rate & term refinance and cash-out refinance.
Pertaining to mortgages and their risk based pricing factors, the loan purpose factor is sub-categorized by purchase, Rate & term refinance and cash-out refinance.
Loan servicer
A loan servicer is a public or private entity that collects, monitors and reports loan payments, handles property tax, insurance escrows and late payments, forecloses defaulted loans, and remits...
A loan servicer is a public or private entity that collects, monitors and reports loan payments, handles property tax, insurance escrows and late payments, forecloses defaulted loans, and remits...
MERS
Mortgage Electronic Registration Systems, Inc. is an American privately held company that operates an electronic registry designed to track servicing rights and ownership of mortgage loans in th...
Mortgage Electronic Registration Systems, Inc. is an American privately held company that operates an electronic registry designed to track servicing rights and ownership of mortgage loans in th...
Mirror mortgage
A mirror mortgage is a specialised mortgage loan used to fund the purchase of investment properties with secure long-term leases.
A mirror mortgage is a specialised mortgage loan used to fund the purchase of investment properties with secure long-term leases.
Mortgage Bankers Association
The Mortgage Bankers Association (MBA) is the United States national association representing all facets of the real estate finance industry.
The Mortgage Bankers Association (MBA) is the United States national association representing all facets of the real estate finance industry.
Mortgage constant
Mortgage constant, also called "mortgage capitalization rate" is the capitalization rate for debt.
Mortgage constant, also called "mortgage capitalization rate" is the capitalization rate for debt.
Mortgage discrimination
Mortgage discrimination or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to one or more groups of people primarily on the ...
Mortgage discrimination or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to one or more groups of people primarily on the ...
Mortgage Forgiveness Debt Relief Act of 2007
The Mortgage Forgiveness Debt Relief Act was introduced in Congress on September 25, 2007, and became law on December 20, 2007.
The Mortgage Forgiveness Debt Relief Act was introduced in Congress on September 25, 2007, and became law on December 20, 2007.
Mortgage GSE controversy
The controversy in relation to the United States mortgage government sponsored enterprises (GSEs) was triggered by accounting scandals, which urged the US government to consider tightening the c...
The controversy in relation to the United States mortgage government sponsored enterprises (GSEs) was triggered by accounting scandals, which urged the US government to consider tightening the c...
Mortgage industry of the United States
The Mortgage industry of the United States is a major financial sector.
The Mortgage industry of the United States is a major financial sector.
Mortgage News Daily
Mortgage News Daily is a news and social media website serving the Mortgage, Real Estate Housing Industries.
Mortgage News Daily is a news and social media website serving the Mortgage, Real Estate Housing Industries.
Mortgage revenue bond loan
A Mortgage Revenue Bond Loan or bond loan is a type of mortgage loan where the cost of borrowing is partially subsidized by a mortgage revenue bond.
A Mortgage Revenue Bond Loan or bond loan is a type of mortgage loan where the cost of borrowing is partially subsidized by a mortgage revenue bond.
Mortgage underwriting in the United States
Mortgage underwriting in the United States is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable.
Mortgage underwriting in the United States is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable.
National Association of Affordable Housing Lenders
The National Association of Affordable Housing Lenders (NAAHL) is a U.S. trade organization representing financial institutions that provide financing and investing to low- and moderate-income c...
The National Association of Affordable Housing Lenders (NAAHL) is a U.S. trade organization representing financial institutions that provide financing and investing to low- and moderate-income c...
National Association of Mortgage Brokers
The National Association of Mortgage Brokers, or NAMB is self-described as the "only national trade association representing the mortgage broker industry in the United States."
The National Association of Mortgage Brokers, or NAMB is self-described as the "only national trade association representing the mortgage broker industry in the United States."
National Mortgage Crisis of the 1930s
The National Mortgage Crisis of the 1930s was a Depression-era crisis in the United States characterized by high-default rates and soaring loan-to-value ratios in the residential housing market.
The National Mortgage Crisis of the 1930s was a Depression-era crisis in the United States characterized by high-default rates and soaring loan-to-value ratios in the residential housing market.
National Mortgage News
National Mortgage News is a weekly newspaper covering the mortgage sector in the United States.
National Mortgage News is a weekly newspaper covering the mortgage sector in the United States.
National Reverse Mortgage Lenders Association
The National Reverse Mortgage Lenders Association (NRMLA) is a U.S. trade organization for financial institutions involved in the origination and securitization of reverse mortgages.
The National Reverse Mortgage Lenders Association (NRMLA) is a U.S. trade organization for financial institutions involved in the origination and securitization of reverse mortgages.
No Income No Asset
No Income No Asset, No Income No Job or Asset or simply Nina Loan is a term used in the United States mortgage industry to describe one of many documentation types which lenders may ...
No Income No Asset, No Income No Job or Asset or simply Nina Loan is a term used in the United States mortgage industry to describe one of many documentation types which lenders may ...
Non-conforming mortgage
A non-conforming mortgage is a term in the United States for a residential mortgage that does not conform to the loan purchasing guidelines set by the Federal National Mortgage Association /Fede...
A non-conforming mortgage is a term in the United States for a residential mortgage that does not conform to the loan purchasing guidelines set by the Federal National Mortgage Association /Fede...
Participation mortgage
A participation mortgage or participating mortgage is a mortgage loan, or sometimes a group of them, in which two or more persons have fractional equitable interests.
A participation mortgage or participating mortgage is a mortgage loan, or sometimes a group of them, in which two or more persons have fractional equitable interests.
Predatory mortgage servicing
Predatory mortgage servicing (predatory servicing) is a pejorative term used to describe abusive, unfair, deceptive, or fraudulent mortgage servicing practices of some mortgage servicers during ...
Predatory mortgage servicing (predatory servicing) is a pejorative term used to describe abusive, unfair, deceptive, or fraudulent mortgage servicing practices of some mortgage servicers during ...
Primerica
Primerica, Inc. is a multi-level marketing company which sells financial products and services using a hybrid model of direct selling, franchising and distribution.
Primerica, Inc. is a multi-level marketing company which sells financial products and services using a hybrid model of direct selling, franchising and distribution.
Real Estate Mortgage Investment Conduit
Real Estate Mortgage Investment Conduits, or "REMICs," (sometimes also called Collateralized mortgage obligations) are a type of special purpose vehicle used for the pooling of mortgage loans an...
Real Estate Mortgage Investment Conduits, or "REMICs," (sometimes also called Collateralized mortgage obligations) are a type of special purpose vehicle used for the pooling of mortgage loans an...
Redlining
Redlining is a pejorative term used in allegations of practices of denying, or increasing the cost of services such as banking, insurance, access to jobs, access to health care, or even supermar...
Redlining is a pejorative term used in allegations of practices of denying, or increasing the cost of services such as banking, insurance, access to jobs, access to health care, or even supermar...
Refinancing burnout
Refinancing burnout is a concept related to mortgage industry.
Refinancing burnout is a concept related to mortgage industry.
Residential mortgage-backed security
Residential mortgage-backed securities (RMBS) are a type of bond commonly issued in American security markets.
Residential mortgage-backed securities (RMBS) are a type of bond commonly issued in American security markets.
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 IBBEA
Amended the laws governing federally-chartered banks in order to restore the laws' competitiveness with the recent...
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 IBBEA
Amended the laws governing federally-chartered banks in order to restore the laws' competitiveness with the recent...
Stated income loan
A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 forms, income tax returns, or other records.
A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 forms, income tax returns, or other records.
Straw borrower
A straw borrower is a United States term for an individual whose name, social security number, and credit history are used to hide the identity of the organizers of a for-profit mortgage fraud s...
A straw borrower is a United States term for an individual whose name, social security number, and credit history are used to hide the identity of the organizers of a for-profit mortgage fraud s...
Subprime crisis impact timeline
The subprime crisis impact timeline lists dates relevant to the creation of a United States housing bubble and the 2005 housing bubble burst (or market correction) and the subprime mortgage cris...
The subprime crisis impact timeline lists dates relevant to the creation of a United States housing bubble and the 2005 housing bubble burst (or market correction) and the subprime mortgage cris...
Super jumbo mortgage
A Super Jumbo Mortgage is classified in the United States as a residential mortgage or other home-equity secured loan in an amount greater than $650,000, although lenders differ on just what con...
A Super Jumbo Mortgage is classified in the United States as a residential mortgage or other home-equity secured loan in an amount greater than $650,000, although lenders differ on just what con...
Trust deed (real estate)
In real estate in the United States, a trust deed or deed of trust is a deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan (...
In real estate in the United States, a trust deed or deed of trust is a deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan (...
Uniform Appraisal Dataset
Uniform Appraisal Dataset is a component of the Uniform Mortgage Data Program, an initiative undertaken by Fannie Mae and Freddie Mac under the direction of the Federal Housing Authority in the ...
Uniform Appraisal Dataset is a component of the Uniform Mortgage Data Program, an initiative undertaken by Fannie Mae and Freddie Mac under the direction of the Federal Housing Authority in the ...
VA loan
A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs.
A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs.
Variable-rate mortgage
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index whic...
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index whic...
Verification of employment
Verification of Employment (VOE) is a process used by banks and mortgage lenders in the United States to review the employment history of a borrower, to determine the borrower's job stability an...
Verification of Employment (VOE) is a process used by banks and mortgage lenders in the United States to review the employment history of a borrower, to determine the borrower's job stability an...
WMC Mortgage
WMC Mortgage Corporation, also known as WMC or WMC Direct, was original named Weyerhaeuser Mortgage Company was a wholesale originator of subprime residential mortgages owned by GE M...
WMC Mortgage Corporation, also known as WMC or WMC Direct, was original named Weyerhaeuser Mortgage Company was a wholesale originator of subprime residential mortgages owned by GE M...
Yield spread premium
A yield spread premium (YSP) is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower up front costs, generally paid in Origi...
A yield spread premium (YSP) is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower up front costs, generally paid in Origi...