YIELD SPREAD PREMIUM RESOURCE CENTER

The YSP Resource Center is the newest addition to NAMB’s website for easy access to information on current regulatory and legislative actions affecting YSP.

“The Future of YSP and Originator Compensation”

NAMB Webinar

Tuesday, October 27, 2009

What is NAMB’s policy position on YSP?

YSP Position Paper

YSP Myths vs. Facts

Q&A on current YSP Issues: COMING SOON

Regulations and Legislation

Current Regulations affecting YSP:

RESPA

• Effective Jan 1, 2010

Resources

· HUD RESPA Rule Webpage

· NAMB Press Release: HUD Issues RESPA  Final Rule

· NAMB Press Release: RESPA Lawsuit

· RESPA Position Paper

· New vs. Old GFE Comparison

Federal Reserve Proposed Rule: Reg Z under TILA – Closed-End Mortgages

• Comments due Dec 24, 2009

Resources

· Federal Reserve Rule Alert

· NAMB Press Release: Originator Compensation

· Submit Your Comments on the Rule!

Current Legislation affecting YSP:

H.R. 3126, the “Consumer Financial Protection Agency Act of 2009”

• Introduced by Rep. Barney Frank (D-MA-4) on Jul  8, 2009 (15 cosponsors)
• In mark up session by House Financial Services Committee

Resources

· H.R. 3126

· NAMB Press Release: CFPA

H.R. 1728, the “Mortgage Reform and Anti-Predatory Lending Act of 2009”

• Introduced by Rep. Brad Miller (D-NC-14) on Mar 26, 2009 (11 cosponsors)
• Passed the House on May 7, 2009: 300y-114n
• Senate Banking has shown no signs of introducing companion legislation

Resources

· H.R. 1728

· NAMB Press Release: H.R. 1728

What is NAMB doing for you?

Check the NAMB Government Affairs Homepage for information and updates on what NAMB does for you on a daily basis!