[Download] "Mcmahon v. Superior Court of Los Angeles County" by California Court of Appeals # Book PDF Kindle ePub Free

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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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