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28/5/2016
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answer nike air max 2015 womens sale
Mortgage Banks and Brokers everyday are closing home buyers and refinancers at a
higher rate than they deserve! This artificial upping of the rate and the
revenue created by doing so are hidden from the customer. This hidden
ripping-off of the mortgage consumer is called Yield Spread Premium overchaging
if the loan is originated by a broker and Service Release Premium overcharging
if the loan is originated by a mortgage bank...you know nike
air huarache nz , Countrywide, Wells Fargo, or Bank of America.
Prof. Howell E. Jackson, Associate Dean for Research and Special Programs
Harvard Law School, testified before the Senate Banking Committee on January 8,
2002, and testified to the following: "...the vast majority of borrowers pay
yield spread premiums - on the order of 85 to 90 percent of all transactions.
Moreover, the average amount of yield spread premiums is quite
substantial nike
air max 1 womens black , on the order of $1,850 per transaction,
making these payments the most important single source of revenue for mortgage
brokers. In other words, contrary to the Department's assumptions, yield spread
premiums are not an optional form of financing made available to a limited
number of borrowers with special needs. Rather these payments constitute by far
the largest source of compensation for mortgage brokers and are imposed on
almost all borrowers who obtain mortgages or refinancings through this segment
of the industry." If Professor Jackson testified on Service Release Premium that
mortgage banks receive, I'm sure his statments would echo the same as above. The
Governments own numbers, which are grossly understated I might add, say this
Yield Spread and Service Release premium overcharging costs American home owners
$16 nike air max 1
cheap ,000,000,000 a year...each any every year! To beat these guys
at their own game, you simply must learn how they price out a loan including
this rip-off! Reading this article is a good start, however, the complete guide
to eleminated Yield Spread and Service Release Premium overcharging is outlined
in my ebook, Mortgage Secrets Exposed!. See the resource box at the bottom for
more information. Understanding how to price out a loan by reading Mortgage Bank
Rate Sheets is really quite easy though it may seem intimidating at first. It
will all become clear as you read this narrative on how we do it at our company,
Integrity First Mortgage nike air max 1
nz , Inc. in Denver. So, settle in and take the 10 minutes to read
this article and understand this practice. Doing so will save you 10s of $1,000
over your lifetime owning and financing houses. A small price to pay indeed!
Here we go! All of mortgage lenders we work with at Integrity First Mortgage,
Inc., furnish us with rate sheets on a daily basis via the internet or by fax.
We follow the rates several times a day in order to properly quote the best
available rate and term to our customers. When reviewing the rate sheet, we also
determine which rate will NOT create a rebate from the lender known as a Yield
Spread Premium. We believe upping your rate to make additional revenue over the
1% origination fee is deceptive, dishonest, and a bad business practice. And
believe me nike air
max thea nz , other companies do not hold that opinion. Let us use
the rate sheet data below to demonstrate how we determine the rate that we quote
to our borrowers. We will also show you using the corresponding HSH Survey data
how other Brokers and Banks are making enormous undisclosed profits in the form
of Yield Spread Premium. Lender Rate Sheet (see below ) data was collected from
a real Wholesale Lender (Ampro Mortgage ) Rate sheet dated 03102006. You can
confirm the HSH data is real as well by visiting HSH dot com. 30 Year Fixed Rate
15 Day 30 Day 45 Day 5.750% 1.350 1.475 1.600 5.875% 0.611 0.736 0.861 6.000%
0.039 0.164 1.826 6.125% (0.392) (0.267) (0.142) 6.250% (0.773) (0.648) (0.523)
6.375% (1.180) (1.055) (0.930) 6.500% (1.623) (1.498) (1.373) 6.625% (2.029)
(1.904) (1.773) 6..750% (2.280) (2.155) (2.030) HSH ASSOCIATES The Nations
Largest Publisher of Mortgage The Nations Mortgage Market: Average Rates for
Residential Mortgages Week ending March 10, 2006 Owner-occupied 1-4 Family and
Condos: Previously Occupied Homes Source: HSH Associates National Ave. SURVEY
CONVENTIONAL MORTGAGES 30 Yr 6.51% In our example, we will quote our borrower a
30 year rate that carries a lock period of 30 days. If we are seeking to earn
only a 1.0% origination fee and NO yield spread premium (back end fee), we will
quote the rate of 6.000%. According to the rate sheet, 6.000% actually costs
.164% Discount payable to the Lender not Integrity First Mortgage. On this rate
sheet, 6.000% is as close to par pricing as we can get. As you can see the next
higher rate, 6.125% creates .267% of Yield Spread Premium and that is not good.
(YSP is shown in (.267) parenthesis). So with this example, look at the costs
for a loan at 6.00% with us. Rate: 6.000% nike
air max 95 sale mens , $200,000 Mortgage Loan x 1.0% Broker
Origination Fee + 0.164 Discount = $200,000 x 1.164% = $2,328.00 Now we will
show how everyone else does it! First realize that banks and brokers do not
usually quote you the rate you will close with. They will bait-and-switch with
low-ball rates and artificially lowered closing costs to get you to apply with
them. Then on closing day, the rates and costs are higher than you expected, but
they claim their Good Faith Estimate was in deed just that...an estimate. You
have the moving van idling in parking lot, so you sign. They count on the fact
you are painted into a corner and have but one option...sign. How do I know this
to be true? One reason is 15 years of asking folks, "How did your last loan
go...any surprises at closing?" About 85% of those folks answer nike
air max 2015 womens sale , "Yes" to that one. Second, every closing
exit poll conducted by Fannie Mae and Freddie Mac show the same results. But the
most compelling reason is up above on HSH Survey data.
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