NAMB Urges Lawmakers to Keep YSP Out of Point/Fee Calculation in Anti-Abuse Legislation
Mortgage brokers met with lawmakers and federal regulators in Washington, DC, this week in an effort to stop yield-spread premiums from being included in the points-and-fees trigger for high-cost home loans in an anti-predatory lending bill that may finally be gaining traction in the House. At its legislative and regulatory conference held this week, the National Association of Mortgage Brokers noted that while yield-spread premiums, or YSPs, are not yet part of the “high-cost…