(Download) "Mcmahon v. Superior Court of Los Angeles County" by California Court of Appeals ~ Book PDF Kindle ePub Free
eBook details
- Title: Mcmahon v. Superior Court of Los Angeles County
- Author : California Court of Appeals
- Release Date : January 07, 2003
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 74 KB
Description
This case, an appeal from a grant of summary judgment, involves the validity of a yield spread premium (YSP) (a rebate paid to a mortgage broker by a lender) on a Federal Housing Administration (FHA) insured loan that has a cap of 1 percent on the loan origination fees that may be directly charged to the borrower. We conclude payment of a YSP does not violate the applicable regulations and therefore did not violate a provision in Byarss deeds of trust requiring compliance with United States Department of Housing and Urban Development (HUD) regulations.
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