/gist:ef8c82cc63549ad90ac2 Secret

## gistfile1.json
{
  "email_content":"<!DOCTYPE html> <html xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\"> <head><title>Customer Announcement<\/title> <\/head> <body style=\"padding-bottom: 0; padding-left: 0; padding-right: 0; padding-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; background: #eeeeee;\"> <table style=\"width:100%;border:0;\"> <tr> <td style=\"padding:0;\"> <table style=\"font-size: 12px; font-family: Arial,Sans-Serif; color: #000000; background: #eeeeee; width: 100%; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;\"> <tr> <td style=\"padding-bottom: 10px; padding-top: 5px;\"> <table style=\"background: #fff; border-collapse: collapse; width: 650px; border-style: solid; border-width: 1px; border-color: #ccc; margin-bottom: auto; margin-left: auto; margin-right: auto; margin-top: auto;\"> <tr> <td colspan=\"2\" style=\"padding:0;\"> <table style=\"border-collapse: collapse; height: 100px; width: 650px;\"> <tr> <td rowspan=\"2\" style=\"width: 278px;min-width:278px; vertical-align: bottom; background: #007cc3;\"> <div style=\"color: #fff; font-size: 20px; padding-bottom: 10px; padding-left: 10px; padding-right: 0; padding-top: 0;\"> QR Lending Announcement<\/div> <\/td> <td rowspan=\"2\" style=\"height: 100px; text-align: right; background: #007cc3;\"> <img src=\"https:\/\/www.qrlending.com\/announcements\/images\/qr1.png\" alt=\"\" \/> <\/td> <td style=\"vertical-align: top; width: 60px; background: #1889ca;\"> <img src=\"https:\/\/www.qrlending.com\/announcements\/images\/qr2.png\" alt=\"\" \/> <\/td> <td style=\"width: 40px; background: #155184;\"> <\/td> <\/tr> <tr style=\"color: #ffffff;\"> <td style=\"text-align: right; vertical-align: bottom; width: 60px; background: #1889ca;\"> <div style=\"font-size: 14px; padding-right: 4px;\"> 2017<\/div> <\/td> <td style=\"text-align: left; vertical-align: bottom; width: 40px; background: #155184;\"> <div style=\"font-size: 14px; padding-left: 4px;\"> TBD<\/div> <\/td> <\/tr> <\/table> <\/td> <\/tr> <tr> <td style=\"padding:0;\"> <div style=\"display: block; background: #00853f; height: 4px;\"> <\/div> <\/td> <td style=\"padding:0;\"> <div style=\"display: block; background: #00853f; height: 4px;\"> <\/div> <\/td> <\/tr> <tr> <td style=\"width: 450px;padding:0;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/ds450.png\" style=\"display: block;height:5px;width:450px;\" \/> <\/td> <td style=\"background-color: #dddddd; height: 5px; width: 200px; padding:0;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/ds200.png\" style=\"display: block;height:5px;width:200px;\" \/> <\/td> <\/tr> <tr> <td style=\"vertical-align: top; width: 450px; padding: 10px;\"> <div style=\"margin-bottom: 5px; font-weight: bold; font-size: 18px; color: #155184;\"> Excess Yield Spread Premium Resolution<\/div> <div style=\"margin-bottom: 5px; font-size: 12px; color: #bbbbbb; font-style: italic;> Saturday, January 14, 2017<\/div> <div style=\"padding-top: 5px; font-size: 12px; color: #000000;> To ensure regulatory compliance, QR Lending is providing the following clarification on the use of excess Yield Spread Premium (YSP):\u000d\u000a<br \/>\u000d\u000a<br \/>\u000d\u000aWhen a borrower is paying the wholesale financial institution, an issue arises if money resulting from an excess YSP credit (YSP that is remaining after all allowable closing costs and prepaid items are paid) is provided to the Wholesale financial institution.  This is essentially the creditor funding part of the compensation payment to the wholesale financial institution, which would violate the prohibition against the borrower directly paying both the wholesale financial institution and QR Lending or indirectly paying the wholesale financial institution.\u000d\u000a<br \/>\u000d\u000a<br \/>\u000d\u000aAs such, excess YSP credits on Lender-Paid and Borrower-Paid transactions must be resolved in the following manner:\u000d\u000a<br \/>\u000d\u000a<br \/>\u000d\u000a<strong>Excess YSP credits on Borrower-Paid transactions<\/strong><br \/>\u000d\u000aNo part of a YSP excess credit can be paid to the borrower; excess YSP credits can <em>only<\/em> pay third-party fees.\u000d\u000a<br \/>\u000d\u000a<br \/>\u000d\u000aIf the settlement statement (HUD-1) indicates cash back to the borrower as a result of excess YSP credits, the loan will require either a principal reduction, which must be disclosed on the HUD-1, a loan amount change, or an interest rate change.  Any loan amount or interest rate change will require a Change in Circumstance form, a revised GFE, and underwriting approval.\u000d\u000a<br \/>\u000d\u000a<br \/>\u000d\u000a<strong>Excess YSP credits on Lender-Paid transactions<\/strong><br \/>\u000d\u000aOne of the following two options may be used:\u000d\u000a<ul>\u000d\u000a    <li style=\"margin: 0px 0px 5px;\">If the HUD-1 indicates cash back to the consumer as a result of excess YSP credits, the loan will require a principal reduction, which must be disclosed on the HUD-1, or a loan amount change.  Any loan amount change will require a Change in Circumstance form, a revised GFE, and underwriting approval.<\/li>\u000d\u000a    <li>After the payment of all third-party fees, any excess YSP credit may go back to the borrower to cover any documented POC item.  For example, if there is an excess YSP credit of $300 after the payment of all third-party fees and the borrower paid a $300 POC appraisal fee (as evidenced by the appraisal invoice), the excess YSP credit of $300 may be refunded to the consumer.<\/li>\u000d\u000a<\/ul>\u000d\u000aIf you have any additional questions regarding the handling of excess YSP please contact your Loan Coordinator.<br \/><\/div> <\/td> <td style=\"vertical-align: top; background-color: #dddddd; width: 200px; border-left-style: solid; border-left-width: 1px; border-left-color: #ccc;padding:0\"> <div style=\"padding-top: 1px; text-align: center;\"> <div style=\"border-radius: 3px; background: #cccccc; width: 195px; height: 30px; margin-bottom: 0; margin-left: auto; margin-right: auto; margin-top: 2px;\"> <table style=\"font-size: 16px; width: 100%; border-collapse: collapse; text-align: center;\"> <tr> <td style=\"width: 30px;\"> <div style=\"float: left; height: 24px; width: 29px; margin-bottom: 0; margin-left: 2px; margin-right: 0; margin-top: 3px;\"> <\/div> <\/td> <td style=\"padding-top: 3px; color: #ffffff;\"> Retail <\/td> <\/tr> <\/table> <\/div> <div style=\"border-radius: 3px; background: #6dbde8; width: 195px; height: 30px; margin-bottom: 0; margin-left: auto; margin-right: auto; margin-top: 2px;\"> <table style=\"font-size: 16px; color: #ffffff; width: 100%; border-collapse: collapse; text-align: center;\"> <tr> <td style=\"width: 30px;\"> <div style=\"float: left; height: 24px; width: 29px; margin-bottom: 0; margin-left: 2px; margin-right: 0; margin-top: 3px;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/chk1.png\" \/><\/div> <\/td> <td style=\"padding-top: 3px; color: #ffffff;\"> Wholesale <\/td> <\/tr> <\/table> <\/div> <div style=\"border-radius: 3px; background: #cccccc; width: 195px; height: 30px; margin-bottom: 0; margin-left: auto; margin-right: auto; margin-top: 2px;\"> <table style=\"font-size: 16px; color: #ffffff; width: 100%; border-collapse: collapse; text-align: center;\"> <tr> <td style=\"width: 30px;\"> <div style=\"float: left; height: 24px; width: 29px; margin-bottom: 0; margin-left: 2px; margin-right: 0; margin-top: 3px;\"> <\/div> <\/td> <td style=\"padding-top: 3px; color: #ffffff;\"> Correspondent <\/td> <\/tr> <\/table> <\/div> <\/div> <hr style=\"margin-bottom: 5px; margin-left: 3px; margin-right: 3px; margin-top: 5px;\" \/> <div style=\"padding-bottom: 0; padding-left: 10px; padding-right: 10px; padding-top: 0;\"> <span style=\"color: #155184; font-weight: bold; font-size: 16px;\">Categories<\/span><table style=\"font-size: 14px; width: 175px; margin-bottom: 5px; margin-left: auto; margin-right: auto; margin-top: 5px;\"> <tr><td style=\"width:16px;\"><img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/chk2.png\" \/><\/td><td>Compliance<\/td><\/tr><\/table> <\/div> <hr style=\"margin-bottom: 5px; margin-left: 3px; margin-right: 3px; margin-top: 5px;\" \/> <div style=\"padding-bottom: 0; padding-left: 10px; padding-right: 10px; padding-top: 0;\"> <span style=\"color: #155184; font-weight: bold; font-size: 16px;\">Quick Links<\/span><table style=\"font-size: 14px; width: 175px; margin-bottom: 5px; margin-left: auto; margin-right: auto; margin-top: 5px;\"> <tr> <td style=\"width: 16px;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/chk2.png\" \/> <\/td> <td> <a href=\"https:\/\/www.qrlending.com\/\" style=\"color: #155184;\">Our Website<\/a> <\/td> <\/tr> <tr> <td style=\"width: 16px;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/chk2.png\" \/> <\/td> <td> <a href=\"https:\/\/www.qrlending.com\/Overview.aspx\" style=\"color: #155184;\">Products &amp; Services<\/a> <\/td> <\/tr> <tr> <td style=\"width: 16px;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/chk2.png\" \/> <\/td> <td> <a href=\"https:\/\/www.qrlending.com\/AboutUs.aspx\" style=\"color: #155184;\">More About Us<\/a> <\/td> <\/tr> <\/table> <\/div> <\/td> <\/tr> <tr> <td style=\"padding:0;\"> <\/td> <td style=\"text-align: center; background-color: #dddddd; width: 200px; padding-bottom: 6px; padding-left: 0; padding-right: 0; padding-top: 16px; border-left-style: solid; border-left-width: 1px; border-left-color: #ccc;\"> <img src=\"https:\/\/www.qrlending.com\/announcements\/images\/qrl.png\" alt=\"\" \/> <\/td> <\/tr> <tr> <td colspan=\"2\" style=\"background: #155184;padding:0;\"> <table style=\"font-size: 14px; color: #ffffff; width: 100%; border-collapse: collapse;\"> <tr> <td style=\"padding-bottom: 5px; padding-left: 10px; padding-right: 5px; padding-top: 5px;\"> Your <strong>quality resource<\/strong> for community lending. <\/td> <td style=\"padding-bottom: 5px; padding-left: 5px; padding-right: 5px; padding-top: 5px;\"> <span style=\"color: #ffffff;\">888&#8901;766&#8901;4734<\/span> <\/td> <td style=\"padding-bottom: 5px; padding-left: 5px; padding-right: 5px; padding-top: 5px;\"> <a href=\"https:\/\/www.qrlending.com\/\" style=\"color: #ffffff;\">www.qrlending.com<\/a> <\/td> <\/tr> <\/table> <\/td> <\/tr> <\/table> <\/td> <\/tr> <\/table> <\/td> <\/tr> <\/table> <\/body> <\/html> ",
  "from_email":"contact@qrlending.com",
  "from_name":"QR Lending",
  "name":"Customer: Excess Yield Spread Premium Resolution - 1\/14\/2017",
  "reply_to_email":"contact@qrlending.com",
  "sent_to_contact_lists":[{"id":"12"}],
  "subject":"Excess Yield Spread Premium Resolution - 2017-TBD",
  "text_content":"To ensure regulatory compliance, QR Lending is providing the following clarification on the use of excess Yield Spread Premium (YSP):\u000d\u000a\u000d\u000aWhen a borrower is paying the wholesale financial institution, an issue arises if money resulting from an excess YSP credit (YSP that is remaining after all allowable closing costs and prepaid items are paid) is provided to the Wholesale financial institution.  This is essentially the creditor funding part of the compensation payment to the wholesale financial institution, which would violate the prohibition against the borrower directly paying both the wholesale financial institution and QR Lending or indirectly paying the wholesale financial institution.\u000d\u000a\u000d\u000aAs such, excess YSP credits on Lender-Paid and Borrower-Paid transactions must be resolved in the following manner:\u000d\u000a\u000d\u000aExcess YSP credits on Borrower-Paid transactions:\u000d\u000aNo part of a YSP excess credit can be paid to the borrower; excess YSP credits can only pay third-party fees.\u000d\u000a\u000d\u000aIf the settlement statement (HUD-1) indicates cash back to the borrower as a result of excess YSP credits, the loan will require either a principal reduction, which must be disclosed on the HUD-1, a loan amount change, or an interest rate change.  Any loan amount or interest rate change will require a Change in Circumstance form, a revised GFE, and underwriting approval.\u000d\u000a\u000d\u000aExcess YSP credits on Lender-Paid transactions:\u000d\u000aOne of the following two options may be used:\u000d\u000a\u000d\u000a- If the HUD-1 indicates cash back to the consumer as a result of excess YSP credits, the loan will require a principal reduction, which must be disclosed on the HUD-1, or a loan amount change.  Any loan amount change will require a Change in Circumstance form, a revised GFE, and underwriting approval.\u000d\u000a\u000d\u000a- After the payment of all third-party fees, any excess YSP credit may go back to the borrower to cover any documented POC item.  For example, if there is an excess YSP credit of $300 after the payment of all third-party fees and the borrower paid a $300 POC appraisal fee (as evidenced by the appraisal invoice), the excess YSP credit of $300 may be refunded to the consumer.\u000d\u000a\u000d\u000aIf you have any additional questions regarding the handling of excess YSP please contact your Loan Coordinator.\u000d\u000a\u000d\u000a"
}
	{
	"email_content":"<!DOCTYPE html> <html xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\"> <head><title>Customer Announcement<\/title> <\/head> <body style=\"padding-bottom: 0; padding-left: 0; padding-right: 0; padding-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; background: #eeeeee;\"> <table style=\"width:100%;border:0;\"> <tr> <td style=\"padding:0;\"> <table style=\"font-size: 12px; font-family: Arial,Sans-Serif; color: #000000; background: #eeeeee; width: 100%; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;\"> <tr> <td style=\"padding-bottom: 10px; padding-top: 5px;\"> <table style=\"background: #fff; border-collapse: collapse; width: 650px; border-style: solid; border-width: 1px; border-color: #ccc; margin-bottom: auto; margin-left: auto; margin-right: auto; margin-top: auto;\"> <tr> <td colspan=\"2\" style=\"padding:0;\"> <table style=\"border-collapse: collapse; height: 100px; width: 650px;\"> <tr> <td rowspan=\"2\" style=\"width: 278px;min-width:278px; vertical-align: bottom; background: #007cc3;\"> <div style=\"color: #fff; font-size: 20px; padding-bottom: 10px; padding-left: 10px; padding-right: 0; padding-top: 0;\"> QR Lending Announcement<\/div> <\/td> <td rowspan=\"2\" style=\"height: 100px; text-align: right; background: #007cc3;\"> <img src=\"https:\/\/www.qrlending.com\/announcements\/images\/qr1.png\" alt=\"\" \/> <\/td> <td style=\"vertical-align: top; width: 60px; background: #1889ca;\"> <img src=\"https:\/\/www.qrlending.com\/announcements\/images\/qr2.png\" alt=\"\" \/> <\/td> <td style=\"width: 40px; background: #155184;\"> <\/td> <\/tr> <tr style=\"color: #ffffff;\"> <td style=\"text-align: right; vertical-align: bottom; width: 60px; background: #1889ca;\"> <div style=\"font-size: 14px; padding-right: 4px;\"> 2017<\/div> <\/td> <td style=\"text-align: left; vertical-align: bottom; width: 40px; background: #155184;\"> <div style=\"font-size: 14px; padding-left: 4px;\"> TBD<\/div> <\/td> <\/tr> <\/table> <\/td> <\/tr> <tr> <td style=\"padding:0;\"> <div style=\"display: block; background: #00853f; height: 4px;\"> <\/div> <\/td> <td style=\"padding:0;\"> <div style=\"display: block; background: #00853f; height: 4px;\"> <\/div> <\/td> <\/tr> <tr> <td style=\"width: 450px;padding:0;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/ds450.png\" style=\"display: block;height:5px;width:450px;\" \/> <\/td> <td style=\"background-color: #dddddd; height: 5px; width: 200px; padding:0;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/ds200.png\" style=\"display: block;height:5px;width:200px;\" \/> <\/td> <\/tr> <tr> <td style=\"vertical-align: top; width: 450px; padding: 10px;\"> <div style=\"margin-bottom: 5px; font-weight: bold; font-size: 18px; color: #155184;\"> Excess Yield Spread Premium Resolution<\/div> <div style=\"margin-bottom: 5px; font-size: 12px; color: #bbbbbb; font-style: italic;> Saturday, January 14, 2017<\/div> <div style=\"padding-top: 5px; font-size: 12px; color: #000000;> To ensure regulatory compliance, QR Lending is providing the following clarification on the use of excess Yield Spread Premium (YSP):\u000d\u000a<br \/>\u000d\u000a<br \/>\u000d\u000aWhen a borrower is paying the wholesale financial institution, an issue arises if money resulting from an excess YSP credit (YSP that is remaining after all allowable closing costs and prepaid items are paid) is provided to the Wholesale financial institution. This is essentially the creditor funding part of the compensation payment to the wholesale financial institution, which would violate the prohibition against the borrower directly paying both the wholesale financial institution and QR Lending or indirectly paying the wholesale financial institution.\u000d\u000a<br \/>\u000d\u000a<br \/>\u000d\u000aAs such, excess YSP credits on Lender-Paid and Borrower-Paid transactions must be resolved in the following manner:\u000d\u000a<br \/>\u000d\u000a<br \/>\u000d\u000a<strong>Excess YSP credits on Borrower-Paid transactions<\/strong><br \/>\u000d\u000aNo part of a YSP excess credit can be paid to the borrower; excess YSP credits can <em>only<\/em> pay third-party fees.\u000d\u000a<br \/>\u000d\u000a<br \/>\u000d\u000aIf the settlement statement (HUD-1) indicates cash back to the borrower as a result of excess YSP credits, the loan will require either a principal reduction, which must be disclosed on the HUD-1, a loan amount change, or an interest rate change. Any loan amount or interest rate change will require a Change in Circumstance form, a revised GFE, and underwriting approval.\u000d\u000a<br \/>\u000d\u000a<br \/>\u000d\u000a<strong>Excess YSP credits on Lender-Paid transactions<\/strong><br \/>\u000d\u000aOne of the following two options may be used:\u000d\u000a<ul>\u000d\u000a <li style=\"margin: 0px 0px 5px;\">If the HUD-1 indicates cash back to the consumer as a result of excess YSP credits, the loan will require a principal reduction, which must be disclosed on the HUD-1, or a loan amount change. Any loan amount change will require a Change in Circumstance form, a revised GFE, and underwriting approval.<\/li>\u000d\u000a <li>After the payment of all third-party fees, any excess YSP credit may go back to the borrower to cover any documented POC item. For example, if there is an excess YSP credit of $300 after the payment of all third-party fees and the borrower paid a $300 POC appraisal fee (as evidenced by the appraisal invoice), the excess YSP credit of $300 may be refunded to the consumer.<\/li>\u000d\u000a<\/ul>\u000d\u000aIf you have any additional questions regarding the handling of excess YSP please contact your Loan Coordinator.<br \/><\/div> <\/td> <td style=\"vertical-align: top; background-color: #dddddd; width: 200px; border-left-style: solid; border-left-width: 1px; border-left-color: #ccc;padding:0\"> <div style=\"padding-top: 1px; text-align: center;\"> <div style=\"border-radius: 3px; background: #cccccc; width: 195px; height: 30px; margin-bottom: 0; margin-left: auto; margin-right: auto; margin-top: 2px;\"> <table style=\"font-size: 16px; width: 100%; border-collapse: collapse; text-align: center;\"> <tr> <td style=\"width: 30px;\"> <div style=\"float: left; height: 24px; width: 29px; margin-bottom: 0; margin-left: 2px; margin-right: 0; margin-top: 3px;\"> <\/div> <\/td> <td style=\"padding-top: 3px; color: #ffffff;\"> Retail <\/td> <\/tr> <\/table> <\/div> <div style=\"border-radius: 3px; background: #6dbde8; width: 195px; height: 30px; margin-bottom: 0; margin-left: auto; margin-right: auto; margin-top: 2px;\"> <table style=\"font-size: 16px; color: #ffffff; width: 100%; border-collapse: collapse; text-align: center;\"> <tr> <td style=\"width: 30px;\"> <div style=\"float: left; height: 24px; width: 29px; margin-bottom: 0; margin-left: 2px; margin-right: 0; margin-top: 3px;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/chk1.png\" \/><\/div> <\/td> <td style=\"padding-top: 3px; color: #ffffff;\"> Wholesale <\/td> <\/tr> <\/table> <\/div> <div style=\"border-radius: 3px; background: #cccccc; width: 195px; height: 30px; margin-bottom: 0; margin-left: auto; margin-right: auto; margin-top: 2px;\"> <table style=\"font-size: 16px; color: #ffffff; width: 100%; border-collapse: collapse; text-align: center;\"> <tr> <td style=\"width: 30px;\"> <div style=\"float: left; height: 24px; width: 29px; margin-bottom: 0; margin-left: 2px; margin-right: 0; margin-top: 3px;\"> <\/div> <\/td> <td style=\"padding-top: 3px; color: #ffffff;\"> Correspondent <\/td> <\/tr> <\/table> <\/div> <\/div> <hr style=\"margin-bottom: 5px; margin-left: 3px; margin-right: 3px; margin-top: 5px;\" \/> <div style=\"padding-bottom: 0; padding-left: 10px; padding-right: 10px; padding-top: 0;\"> <span style=\"color: #155184; font-weight: bold; font-size: 16px;\">Categories<\/span><table style=\"font-size: 14px; width: 175px; margin-bottom: 5px; margin-left: auto; margin-right: auto; margin-top: 5px;\"> <tr><td style=\"width:16px;\"><img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/chk2.png\" \/><\/td><td>Compliance<\/td><\/tr><\/table> <\/div> <hr style=\"margin-bottom: 5px; margin-left: 3px; margin-right: 3px; margin-top: 5px;\" \/> <div style=\"padding-bottom: 0; padding-left: 10px; padding-right: 10px; padding-top: 0;\"> <span style=\"color: #155184; font-weight: bold; font-size: 16px;\">Quick Links<\/span><table style=\"font-size: 14px; width: 175px; margin-bottom: 5px; margin-left: auto; margin-right: auto; margin-top: 5px;\"> <tr> <td style=\"width: 16px;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/chk2.png\" \/> <\/td> <td> <a href=\"https:\/\/www.qrlending.com\/\" style=\"color: #155184;\">Our Website<\/a> <\/td> <\/tr> <tr> <td style=\"width: 16px;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/chk2.png\" \/> <\/td> <td> <a href=\"https:\/\/www.qrlending.com\/Overview.aspx\" style=\"color: #155184;\">Products & Services<\/a> <\/td> <\/tr> <tr> <td style=\"width: 16px;\"> <img alt=\"-\" src=\"https:\/\/www.qrlending.com\/announcements\/images\/chk2.png\" \/> <\/td> <td> <a href=\"https:\/\/www.qrlending.com\/AboutUs.aspx\" style=\"color: #155184;\">More About Us<\/a> <\/td> <\/tr> <\/table> <\/div> <\/td> <\/tr> <tr> <td style=\"padding:0;\"> <\/td> <td style=\"text-align: center; background-color: #dddddd; width: 200px; padding-bottom: 6px; padding-left: 0; padding-right: 0; padding-top: 16px; border-left-style: solid; border-left-width: 1px; border-left-color: #ccc;\"> <img src=\"https:\/\/www.qrlending.com\/announcements\/images\/qrl.png\" alt=\"\" \/> <\/td> <\/tr> <tr> <td colspan=\"2\" style=\"background: #155184;padding:0;\"> <table style=\"font-size: 14px; color: #ffffff; width: 100%; border-collapse: collapse;\"> <tr> <td style=\"padding-bottom: 5px; padding-left: 10px; padding-right: 5px; padding-top: 5px;\"> Your <strong>quality resource<\/strong> for community lending. <\/td> <td style=\"padding-bottom: 5px; padding-left: 5px; padding-right: 5px; padding-top: 5px;\"> <span style=\"color: #ffffff;\">888⋅766⋅4734<\/span> <\/td> <td style=\"padding-bottom: 5px; padding-left: 5px; padding-right: 5px; padding-top: 5px;\"> <a href=\"https:\/\/www.qrlending.com\/\" style=\"color: #ffffff;\">www.qrlending.com<\/a> <\/td> <\/tr> <\/table> <\/td> <\/tr> <\/table> <\/td> <\/tr> <\/table> <\/td> <\/tr> <\/table> <\/body> <\/html> ",
	"from_email":"contact@qrlending.com",
	"from_name":"QR Lending",
	"name":"Customer: Excess Yield Spread Premium Resolution - 1\/14\/2017",
	"reply_to_email":"contact@qrlending.com",
	"sent_to_contact_lists":[{"id":"12"}],
	"subject":"Excess Yield Spread Premium Resolution - 2017-TBD",
	"text_content":"To ensure regulatory compliance, QR Lending is providing the following clarification on the use of excess Yield Spread Premium (YSP):\u000d\u000a\u000d\u000aWhen a borrower is paying the wholesale financial institution, an issue arises if money resulting from an excess YSP credit (YSP that is remaining after all allowable closing costs and prepaid items are paid) is provided to the Wholesale financial institution. This is essentially the creditor funding part of the compensation payment to the wholesale financial institution, which would violate the prohibition against the borrower directly paying both the wholesale financial institution and QR Lending or indirectly paying the wholesale financial institution.\u000d\u000a\u000d\u000aAs such, excess YSP credits on Lender-Paid and Borrower-Paid transactions must be resolved in the following manner:\u000d\u000a\u000d\u000aExcess YSP credits on Borrower-Paid transactions:\u000d\u000aNo part of a YSP excess credit can be paid to the borrower; excess YSP credits can only pay third-party fees.\u000d\u000a\u000d\u000aIf the settlement statement (HUD-1) indicates cash back to the borrower as a result of excess YSP credits, the loan will require either a principal reduction, which must be disclosed on the HUD-1, a loan amount change, or an interest rate change. Any loan amount or interest rate change will require a Change in Circumstance form, a revised GFE, and underwriting approval.\u000d\u000a\u000d\u000aExcess YSP credits on Lender-Paid transactions:\u000d\u000aOne of the following two options may be used:\u000d\u000a\u000d\u000a- If the HUD-1 indicates cash back to the consumer as a result of excess YSP credits, the loan will require a principal reduction, which must be disclosed on the HUD-1, or a loan amount change. Any loan amount change will require a Change in Circumstance form, a revised GFE, and underwriting approval.\u000d\u000a\u000d\u000a- After the payment of all third-party fees, any excess YSP credit may go back to the borrower to cover any documented POC item. For example, if there is an excess YSP credit of $300 after the payment of all third-party fees and the borrower paid a $300 POC appraisal fee (as evidenced by the appraisal invoice), the excess YSP credit of $300 may be refunded to the consumer.\u000d\u000a\u000d\u000aIf you have any additional questions regarding the handling of excess YSP please contact your Loan Coordinator.\u000d\u000a\u000d\u000a"
	}