March 19th, 2015 4:34 PM by Rose Tignor
legislation was enacted to ensure that consumers were paying origination only
once on a single transaction. This can
be confusing for consumers because even though new laws exist lenders are still
not required to disclose any back end compensation or origination tied to the
interest rate formerly known as “yield spread premium” (YSP) or “service
release premium” (SRP). However,
mortgage brokers are required to fully disclose any front-end AND back-end
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