mortgage rebate
1Mortgage fraud — is crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender or borrower known the truth. In United States… …
2Mortgage Par Rate — An interest rate used as the reference point for which a mortgage lender will neither pay a rebate (yield spread premium or negative points) or require discount points for a mortgage. Also, an interest rate used as a reference point for which a… …
3Subprime mortgage crisis — Part of a series on: Late 2000s financial crisis Major dimensions …
4No-Cost Mortgage — A mortgage refinancing situation in which the lender pays the borrower s loan settlement costs and then extends a new mortgage loan. A lender does this in exchange for charging the borrower a higher interest rate. When the lender then sells this… …
5Yield spread premium — The yield spread premium (YSP) is the cash rebate paid to a mortgage broker based on selling an interest rate above the wholesale par rate that the borrower qualifies for. For example, If a mortgage broker offers a borrower a loan of $100,000 at… …
6Economic Stimulus Act of 2008 — The Economic Stimulus Act of 2008 (USStatute|110|185|122|613|2008|02|13) is an Act of Congress providing for several kinds of economic stimulus intended to boost the United States economy in 2008 and to avert or ameliorate a recession. The… …
7FairTax — Part of a series on Taxation Taxation in the United States …
8Predicted effects of the FairTax — The Fair Tax Act (USBill|110|HR|25/USBill|110|S|1025) is a bill in the United States Congress for changing tax laws to replace the Internal Revenue Service (IRS) and all federal income taxes (including Alternative Minimum Tax), payroll taxes… …
9Negative Points — A cash rebate paid by lenders to a mortgage broker or the borrower for a mortgage with an interest rate above the lender s par interest rate. When the rebate is paid to the mortgage broker, it is known as a yield spread premium, and is part of… …
10United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …
