Brian Korte's (brian_korte) Blog

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Services for Real Estate Pros - Korte & Wortman, PA
RECENT BLOG POSTS
What is Yield Spread Premium?    I would like to discuss an area of mortgage lending that is fast becoming a hot point for litigation. It is called Yield Spread Premium or YSP (for banks, it's called a service release premium or SYP). What's a YSP? It's a broker's income for raising your are abov...
01/15/2008
Mortgage Rate Reduction or Loan RestructuringOften times, when the consumer actually CAN afford to make a mortgage payment going forward (even if it's not a full mortgage payment), a loan modification and a mortgage pay rate reduction is a possibility. A loan modification involves demonstrating t...
01/14/2008
In the past few months we have seen a huge increase in the number of defaults of residential mortgages, specifically those involving "sub-prime" borrowers and what I would like to call "predatory lending" practices. Thee defaults continue to lead to foreclosures, short sales, subsequent property ...
01/14/2008
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Brian Korte

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