http://www.mortgagenewsdaily.com/commentsrss.aspxMortgage News Daily - Commentsen-USCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/channels/pipelinepress/310084.aspx#commentsSat, 25 May 2013 04:11:06 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131155Ted Rood0Great work per usual, Rob. Yield spread premiums (YSD) have helped borrowers do "no cost" refinances and avoid paying origination points for decades. YSD has always been disclosed on settlement statements (now on GFE's as well), and is neither secretive nor difficult to understand: a borrower accepts a slightly higher interest rate in exchange for lower closing costs (or a credit towards those costs). YSD is the flip side of paying points to lower a loan's rate, which has never been controversial. Pending QM reforms capping costs (and including YSD) at 3% will limit options for borrowers with low loan sizes, hurting those borrowers most likely to be economically challenged. Closing costs vary dramatically by state, depending on whether attorneys are required, state fees and taxes, and wide variance in title fees. Putting a "one size fits all" cost cap of 3% on QM's virtually guarantees low loan sizes in high cost states will NOT be QM's, resulting in higher rates and costs for borrowershttp://www.mortgagenewsdaily.com/channels/news/309696.aspx#commentsFri, 24 May 2013 22:34:28 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131141Jana Holmstrup0Am I the only one crazy here? Apparently not! Congress wrote, voted on, and passed the Dodd-Frank Act which called for the creation of the CFPB to implement and regulate the DFA... now Congress is expressing concens... I yi yihttp://www.mortgagenewsdaily.com/data/mbsdashboard.aspxFri, 24 May 2013 17:00:54 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131101Jeff Anderson0REPRICE : 12:58 PM - Chase Worsehttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 16:10:20 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131093Curt Sandfort0agree to the .23 I think Hugh - Hodge, search mileage in the comments, we were just talking about it a few days agohttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 16:10:19 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131092Hugh W. Page0MH you can add back "Business Mileage" using the current rate which I can't remember at this point. Somewhere between 20 and 23 cents I think per mile.http://www.mortgagenewsdaily.com/data/mbsdashboard.aspxFri, 24 May 2013 16:10:02 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131091Tom Schwab0REPRICE : 12:04 PM - AMC Worsehttp://www.mortgagenewsdaily.com/data/mbsdashboard.aspxFri, 24 May 2013 16:03:57 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131090Roger Moore0REPRICE : 12:02 PM - NYCB Worsehttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 16:03:49 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131089Douglas Seder, MBA0MH a portion of the millage is depreciation, I just found this out recently, so if he takes the per mile deduction, you can add back the depreciation portion of per mile write off. I do not know the exact numbers, but I just learned this was possible the other dayhttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 16:03:45 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131088Matt Hodges0uw question - i have a self employed with a car payment. He also writes off work mileage. Can i add back mileage... i'm tight on ratioshttp://www.mortgagenewsdaily.com/data/mbsdashboard.aspxFri, 24 May 2013 16:03:21 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131087Christopher Stevens0REPRICE : 11:55 AM - Wells Fargo Worsehttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 16:03:01 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131086Christopher Stevens0MG- nice call on the lock em up at 11:20http://www.mortgagenewsdaily.com/data/mbsdashboard.aspxFri, 24 May 2013 16:02:44 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131085Christopher Stevens0REPRICE : 11:49 AM - Flagstar Worsehttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 16:02:34 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131084Christopher Stevens0market closes I closehttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 16:02:32 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131083Donna McKenna0I agree take a long weekend offhttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 16:02:17 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131082Dio Vannucci0I can't believe it's the Friday before Memorial Day Weekend and we are talking about death crosses and Negative reprices instead of golf or heading to the lake. I'm about to blow this popsicle stand b/c I hear a wakeboard calling my name......http://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 16:01:16 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131081MMNJ0i don't remember seeing more days in a row with no traction -- up every day and then disappearing into the negative reprice abysshttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 16:00:06 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131080Christopher Stevens0MBS is not happy with fed speak about selling them and holding treasuries. They feel like the jilted girlfriend I think.http://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 15:59:19 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131079Ted Rood0MBS buyers just left for the weekend.http://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 15:58:13 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131078David Romero0I love this systemhttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 15:58:12 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131077Matthew Graham0and galshttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 15:58:11 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131076Matthew Graham0lock em up guyshttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 15:58:05 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131075Jude Bridwell0Depressing!http://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 15:58:04 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131074Christopher Stevens0JB- small victories...held 2.03 yesterday now lets see if we hold 2.00 todayhttp://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 15:58:01 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131073James Barnes0Stop this bleeding off again!http://www.mortgagenewsdaily.com/mbs/userdashboard.aspxFri, 24 May 2013 15:57:57 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:131072Matthew Graham0http://www.mortgagenewsdaily.com/05172013_qualified_mortgages.asp