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jennmac · 04-15-2009, 11:21 AM

Hi everyone! Great forum...been reading for a couple of months before registering. I am in PA so no free loan doc review available yet for me, they say hopefully in a week or two. I refinanced Apr 26, 2007 and I pulled out my paperwork to find that I was charged a yield spread premium of $5600, in addition to the 1pt I paid the broker. The loan amount was $320,000. YSp was listed in section 900 on the hud sheet, and I believe it is supposed to be in section 800. I wonder if they tried to hide it there because they failed to disclose any YSP on the GFE. It isn't listed anywhere on the GFE, not even in a range of %. I am past 1 year, do you think I may have any avenues to pursue?

Also, don't know if this matters or not, but they completely misrepresented the estimated monthly payment on the GFE. They have it as $1833.33 P&I, where it should be $2102.17 P&I (same int rate and terms on GFE and TILA but totally different payment).

TIA for any guidance...
JM

04-15-2009, 11:21 AM	#1 (permalink)
jennmac Junior Member Join Date: Apr 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	New to this ...YSP disclosure question Hi everyone! Great forum...been reading for a couple of months before registering. I am in PA so no free loan doc review available yet for me, they say hopefully in a week or two. I refinanced Apr 26, 2007 and I pulled out my paperwork to find that I was charged a yield spread premium of $5600, in addition to the 1pt I paid the broker. The loan amount was $320,000. YSp was listed in section 900 on the hud sheet, and I believe it is supposed to be in section 800. I wonder if they tried to hide it there because they failed to disclose any YSP on the GFE. It isn't listed anywhere on the GFE, not even in a range of %. I am past 1 year, do you think I may have any avenues to pursue? Also, don't know if this matters or not, but they completely misrepresented the estimated monthly payment on the GFE. They have it as $1833.33 P&I, where it should be $2102.17 P&I (same int rate and terms on GFE and TILA but totally different payment). TIA for any guidance... JM