The
report shows how much was paid in interest during the year, as well as
the remaining mortgage loan balance at the end of the year. If the bank
has an impound account for you, it will also show how much was paid and
reserved in property taxes. If the bank does not have a property tax
impound account, then tax details are not displayed on the report.
Yield
The value of interest or dividend payments from an
investment. The yield is usually stated as a percentage of the
investment price.
Acronyms
YSP
(Yield spread premium) paid to the broken for giving a borrower a higher interest rate on a loan in exchange for a lower up-front costs generally paid in organization fees, broker fees or discount points