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NovaStar Financial

NovaStar Financial and Yield Spread Premium in the News

NovaStar Financial is currently the subject of a class action lawsuit for charging its borrowers Yield Spread Premium without disclosing the markup. Yield Spread Premium rewards loan originators for arranging mortgage loans at an above market interest rate. Here’s an example of how Yield Spread Premium works. Suppose you qualified for a 6% mortgage rate […]

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