{"id":9102,"date":"2020-03-25T13:43:45","date_gmt":"2020-03-25T13:43:45","guid":{"rendered":"https:\/\/chenoafund.org\/?p=9102"},"modified":"2024-06-21T13:24:16","modified_gmt":"2024-06-21T13:24:16","slug":"urgent-updated-ysp-schedule","status":"publish","type":"post","link":"https:\/\/chenoafund.org\/urgent-updated-ysp-schedule\/","title":{"rendered":"20-10: URGENT &#8211; UPDATED YSP SCHEDULE"},"content":{"rendered":"<p>Everyone in our industry should be aware of the extreme volatility that exists in the financial marketplace today. Mortgage Servicing rights have lost all of their value and custom pools no longer carry the pickups they did prior to the global response to COVID-19. We at Chenoa Fund have made valiant efforts to maintain the YSP schedule published January 2, 2019, but in the midst of this commotion and the significant reduction in yields generated when loans are securitized, we would not be making prudent decisions that will ensure the longevity of our program if we don\u2019t respond to the current market environment by lowering the price we pay for loans delivered to us. Effective March 26th, 2020 the attached YSP schedule will go into effect for all loans locked March 26th or later. Effectively, we have had to reduce premiums by 50 bps on the majority of our programs.<\/p>\n<p>A small positive to the market change is that the yield on the 3 to 4.5 coupons are almost identical. With little to no custom pool pickup, we have been able to dramatically lower the interest rate on our DPA EDGE Program.<\/p>\n<p>Please click <a href=\"https:\/\/mcusercontent.com\/914d283dad1e07025256b4e40\/files\/742ccefe-7e1f-45bd-8384-af6d26eeaea6\/YSP_Schedule_03_25_20.pdf\">here<\/a> for the updated YSP schedule.<\/p>\n<p>Thank you,<\/p>\n<p>CBC Mortgage Agency<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everyone in our industry should be aware of the extreme volatility that exists in the financial marketplace today. Mortgage Servicing rights have lost all of&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[104],"tags":[509],"class_list":{"0":"post-9102","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-updates-and-announcements","7":"tag-ysp-schedule"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>20-10: URGENT - UPDATED YSP SCHEDULE - CBC Mortgage Agency<\/title>\n<meta name=\"description\" content=\"Discover the latest updates and urgent information on the YSP schedule at Chenoa Fund&#039;s official page in our article.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chenoafund.org\/urgent-updated-ysp-schedule\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"20-10: URGENT - UPDATED YSP SCHEDULE - CBC Mortgage Agency\" \/>\n<meta property=\"og:description\" content=\"Discover the latest updates and urgent information on the YSP schedule at Chenoa Fund&#039;s official page in our article.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/chenoafund.org\/urgent-updated-ysp-schedule\/\" \/>\n<meta property=\"og:site_name\" content=\"CBC Mortgage Agency\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChenoaFundOfficial\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-25T13:43:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-21T13:24:16+00:00\" \/>\n<meta name=\"author\" content=\"James Bethe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Chenoa_Fund\" \/>\n<meta name=\"twitter:site\" content=\"@Chenoa_Fund\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Bethe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/urgent-updated-ysp-schedule\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/chenoafund.org\\\/urgent-updated-ysp-schedule\\\/\"},\"author\":{\"name\":\"James Bethe\",\"@id\":\"https:\\\/\\\/chenoafund.org\\\/#\\\/schema\\\/person\\\/299cfb8c03905ace40291040893ccc4b\"},\"headline\":\"20-10: URGENT &#8211; 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