In hopes of improving the quality of all mortgage lenders, the US government has created the nationwide S.A.F.E. Act. This Act creates much guidelines and standards to increase the
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The Robyn Report
The Robyn Report is a mash up of articles, reviews and interviews about all things real estate. We have tons of guidelines and tips about the new rules for mortgages and how to buy or sell a house. With all the new technology out there, you need to be updated on the latest apps, websites, programs and software to make home buying easier. We continue to search the universe to find the latest and greatest geek stuff out there! And of course, we write the books, hence we think all consumers should read the books, so we often have book reviews and interviews with the authors. Knowledge is power. Use it!
Removing Private Mortgage Insurance
The rule is that once your LTV goes below 78% percent of the current home value, you can get the PMI removed. Consumer advocates tried to get it so it would automatically be removed by
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The importance of repeat phone calls, harassing and begging
As a mortgage loan officer, I am simply a salesperson. In other words with this innate skill, I should be able to sell anything from socks to snowballs. Â People say, selling is an art,
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Where did Fannie Mae come from?
Born from the Great Depression, the government created a facility to buy loans from troubled or frightened banks. After an 87% default rate on home loans, local banks were terrified
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Employment and Continued Income Requirements Increase for Certain Mortgages
 I just read a memo that a large national lender increased its employment and income requirements for high-balance conforming loan amounts ($425,000-$729,750); which means that
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Rental loss insurance for 1-4 unit mortgages
When owning a 2-4 unit home, as an investor or owner occupied, the borrower typically needs to be covered for loss of rental income. This insurance can cover the income lost in case of
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New Speaker Bureau Signs Dale Robyn Siegel as Mortgage Expert
Now that I am a published author and busy expert speaker, I felt it was time to be represented by a professional! After considering different options, I decided to be represented by
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Freddie Mac Relief Refinance Mortgage Program
If you recall, part of the government overhaul of the mortgage industry was to allow homeowners to refinance their current mortgage in order to lower their monthly payments. There
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Due to heavy rain: mortgage lenders increase flood insurance
Yes, it was a soggy, rainy summer all across the nation. Surely it ruined many a weekend at the Hamptons (if you go there- I do not). If you had deadline to finish a book looming overhead,
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The New Rules for Mortgages: book now on sale
After months of writing, rewriting and rewriting again, my book has finally gone on sale at all major bookstores and (of course) on Amazon. Based on current mortgage guidelines, the
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