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Home » Store » News » HUD Open to Cutting YSP from RESPA Reform

HUD Open to Cutting YSP from RESPA Reform

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Department of Housing and Urban Development Secretary Mel Martinez told Congress he is willing to deal with the issue of yield-spread premiums separately if it looks like his RESPA reform package is going to be delayed. Testifying during a hearing on homeownership before the Senate Banking, Housing and Urban Affairs Committee last week, Martinez said he is also open to legislation if it would help ease Congress’ concern about the controversial mortgage loan fee.
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