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Loan Modification

: Mortgage Lender Implode-o-Meter

yield spread premiums banned

By Implode-Explode Heavy Industries

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"The Federal Reserve issued a final rule today that effectively bans yield spread premiums paid to mortgage brokers, along with loan officers employed by depository institutions."

Full post as published by Mortgage Lender Implode-o-Meter on August 17, 2010 (boomark / email).

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