Yield spread premium or rate profiteering is the most profitable lie in the mortgage industry.
I found a Real Estate agent turned mortgage book author who wrote a book titled, “Theft By Mortgage”. Boy was I shocked to learn his mortgage book warns about yield spread premium!
Calling yield spread premium…
Yield Spread Premium (YSP) is without a doubt the most misunderstood and highly profitable secret the mortgage industry has kept from the American mortgage consumer.
The government’s own number pegs the consumer cost of the…
Locating the yield spread premium rip-off is virtually impossible except at closing on the settlement statement known as the HUD1 Settlement Statement. Of course, by then it’s too late!
Other non settlement statement mortgage disclosures…
Mortgage yield spread premium is responsible for up to two thirds of the revenue earned on every mortgage. Yet most Americans have no knowledge of mortgage yield spread premium or how to avoid it.
No…
Eliminating yield spread premium starts by avoiding banks like the plague. Bank mortgage rates will always include their version of YPS since they have no legal duty to disclose it.
(In the banking world YSP…
I’ve compiled a few resources on average mortgage rate data and yield spread premium starting with Congressional testimony from experts and ending with average mortgage rate resources online.
Be sure to read the Harvard Professor…
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