FHA and yield spread

[gseven]

Hello I'm new to originating and have a few questions about fha loans. I read somewhere that on an fha loan, if you bump the rate and are charging any yield spread that you must disclose this to the borrower, is this true? and if so is it only to be disclosed on the HUD and GFE or in a seperate disclosure? also second question is discount points can I charge them? the bottom line is I want to make as much money as I legally and ethically can on an fha loan. Any knowledge on this subect is apprieciated

[rcneale]

If you are using a wholesale company you must disclose the yield spread when they close on the HUD settlement statement...if you use correspondent lenders you do not have to disclose. Also, you can charge origination points and discount points are if you are buying down the rate.