California Court of Appeal

Payment of a yield spread premium on a Federal Housing Administration insured loan, that has a cap of 1 percent on the loan origination fees that may be directly charged to the borrower, does not violate the applicable regulations nor a provision in plaintiff's deeds of trust requiring compliance with U.S. Department of Housing and Urban Development regulations.

Appellate Information

• Decided 06/17/2003
• Published 06/17/2003

Judges

• McCONNELL, J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
•  Dougherty, Hildre, Dudek & Haklar;  Finkelstein & Krinsk, Peggy J. Reali, San Diego;  Zimmerman Reed and Hart L. Robinovitch for Plaintiff and Appellant.


• For Appellees:
  
• Severson & Werson, William L. Stern, Katherine A. Knopoff and Daniel O'Rielly, San Francisco, for Defendant and Respondent.