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Home » Store » Taxable » Inspired by FTC Study, NAMB to Seek Change in HUD’s YSP Rule

Inspired by FTC Study, NAMB to Seek Change in HUD’s YSP Rule

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The mortgage broker industry is planning to use a recent Federal Trade Commission study on broker fee disclosures as a basis for seeking changes to existing disclosure rules for yield-spread premiums. The National Association of Mortgage Brokers has yet to make the issue a part of its 2004 regulatory agenda, but members are already clamoring to make the YSP rules their next lobbying goal after the Bush administration’s decision to spike a controversial reform
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