RETURN TO HOME
I wrote a blog entry last week concerning borrowers receiving revised Good Faith Estimates prior to a closing. Another mortgage blogger commented that I was wrong in my information
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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!
Rising homes sale vs. reality
The housing market has reached bottom, home sales have risen and we are headed for a turnaround! Not exactly true. The home sales have risen (7.2%) in the $100,000 range, which is not
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New regulations for credit cards
Wow, they are so busy-busy-busy regulating the finance industries. As you know, I am in the mortgage industry which has been ripped apart and is currently being re-built through a
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Mortgage lenders need to disclose final fees 7 days before a closing
Under the new Mortgage Disclosure Improvement Act, borrowers now have to receive an estimate of the closing costs for review 7 days prior to their mortgage closing. So a final Good
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The new Financial Mismanagement Mortgage
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As the amount of foreclosures increase across the country, lenders gear up for the new breed of home buyer. The requirements for obtaining a mortgage after one has been foreclosed
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New disclosures for mortgage pre payment penalty
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Remember all of the hullaballoo regarding lenders being sneaky about tacking on those pre payment penalties? Well, now the borrower will be made aware of this existence at the
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The history of the adjustable rate mortgage
Who knows where the adjustable rate mortgage (ARM) come from?
There was enormous inflation in the 1970’s. At that time, mortgages were most commonly 30 year fixed, giving a borrower
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HERA Mortgage Disclosure Improvement Act: no upfront fees allowed
As of July 30, 2009 a lender may no longer collect any upfront fees from a borrower other than the cost of a credit report. There must be a four day period where the initial bank disclosures
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Are home sales really getting better- everywhere?
I spoke to my neighbor over the weekend, who is a realtor in our home town. Complaining that she had to meet a potential buyer for the tenth time, she wants to say sh*t or get off the pot.Â
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Mortgage Disclosure Improvement Act of 2009
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The new Mortgage Disclosure Improvement Act of 2009 will go into effect as of July 31, 2009. Basically, it includes more forms to sign within a certain timeline, three days from this
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