Definitions for "Yield Spread Premium"
a financing option that allows borrowers, if they choose, to finance some or all of their closing costs (including mortgage broker fees) over the life of the loan in exchange for the borrower's paying a higher interest rate
a form of mortgage broker compensation that is paid by the Investor in exchange for offering a particular loan program and interest rate to a borrower
a payment a mortgage broker receives from a lender based on the difference between the actual interest rate on the loan and the rate the lender would have accepted on the loan given the risks and costs involved