Comments on: Disclose Fixed Fees to Repair the Mortgage Broker Business Model http://thexbroker.com/2006/09/09/fixed-fees-for-a-broken-business/ Radical Transparency for The Real Estate and Mortgage Industrys Wed, 20 Aug 2008 09:40:40 +0000 http://wordpress.org/?v=2.3.3 By: The XBroker http://thexbroker.com/2006/09/09/fixed-fees-for-a-broken-business/#comment-13 The XBroker Tue, 05 Feb 2008 21:56:02 +0000 http://thexbroker.com/2006/09/09/fixed-fees-for-a-broken-business/#comment-13 Yes...it's very common. YSP (all fees) should have been disclosed well prior to closing for your review, at least 72 hrs. YSP is paid in one lump some at the close of the loan...if someone told you they were receiving YSP in increments, this probably means 'under the table'...interesting question, care to elaborate? Yes…it’s very common. YSP (all fees) should have been disclosed well prior to closing for your review, at least 72 hrs.

YSP is paid in one lump some at the close of the loan…if someone told you they were receiving YSP in increments, this probably means ‘under the table’…interesting question, care to elaborate?

]]> By: Gigi http://thexbroker.com/2006/09/09/fixed-fees-for-a-broken-business/#comment-14 Gigi Tue, 05 Feb 2008 21:46:26 +0000 http://thexbroker.com/2006/09/09/fixed-fees-for-a-broken-business/#comment-14 Is it legal for a broker to charge the client a point, loan fees, and get a Yield Spread Premium all together on one loan? Also, is the yield spread premium paid by a lender to the broker paid to them in one lump sum at the close of the loan or in increments? Thank you for your assistance, Gigi Is it legal for a broker to charge the client a point, loan fees, and get a Yield Spread Premium all together on one loan? Also, is the yield spread premium paid by a lender to the broker paid to them in one lump sum at the close of the loan or in increments?

Thank you for your assistance, Gigi

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