Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (90255)	1/7/2008 11:04:27 PM
From: Real Man	Read Replies (1) \| Respond to of 110194

Geez. Just read all that stuff forum.brokeroutpost.com This new YSP disclosure stinks. This may put a damper on bumping the rate up an 1/8 or 1/4 right before closing to get a little extra YSP. They keep coming up with new ways to limit our incomes.... You can all act like saints if you want. We all do it, but I guess we shouldn't talk about it, right? The key to an effective bump is to only increase the rate by an 1/8 or 1/4 at the most. Plenty of reasons are always handy. A change in pricing due to market conditions, a cut in appraised value, something just popped up on credit, a last minute drop in credit score, etc, etc. Always convince buyers to float until closing. This way you set the final pricing, not them.... The rate bump with full disclosure occurs the day before closing, not at closing. That would be wrong...