Understanding Mortgage Terms

Understanding YSP & Par Rates YSP or Yield Spread Premiums are perhaps one of the most misunderstood aspects to the average mortgage. Unfortunately, recent legislation designed to help consumers cut through the complex legal lingo only added to the confusion by differentiating between mortgage brokers versus banks and direct lenders when quoting YSP’s. According to… Read More

Commercial Mortgage Defaults at U.S. Banks Reach 3.4% (Update1) (Bloomberg)

Dec. 1 (Bloomberg) — The commercial mortgage default rate on loans held by U.S. banks more than doubled to 3.4 percent in the third quarter as vacancies rose and rents declined, Real Estate Econometrics LLC said.