DISQUS

DISQUS Hello! The XBroker is using DISQUS, a powerful comment system, to manage its comments. Learn more.

Community Page

The XBroker

Radical Transparency for the Mortgage and Real Estate Industries
Jump to original thread »
Author

Yield Spread Premium. Capital Hill Testimony

Started by JeffX · 9 months ago

Below is a redisplay of a Brief of the original 153 page Study provided by Howell Jackson and Jeremy Berry regarding the role of YSP’s in conjunction with current mortgage broker practices, held in front of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill.%0 ... Continue reading »

1 comment

  • Real Estate Marketing

    5 hours ago

    The RE agent drop in income story has other facets.Agents incomes are way down. The figures calculated are probably directionally correct overall. What makes things worse for the agents is that they're not doing 54% less work, or incurring 54% less out of pocket costs. Many pay for system access and certain RE related services out of pocket. With income reduced but expenses holding steady, the reduction in their net income is more pronounced. Many of these agents are also spending significant amounts of time and energy working on short sales. Few of these transactions end up closing and yielding commission $ as many banks are dragging their feet on dealing with problems. The only people who seem to have it worse are the spec builders. Many are being boiled alive as the problems they put off in 2008 by renting out unsold inventory are now snowballing into massive losses.
    reply

Add New Comment

Returning? Login