Fannie Mae High Balance Loans are replacing the Jumbo Conforming Program. This might be better if all Lenders participate within the fill parameters of the program.
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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!
Sometimes, you have to say NO to radishes!
In this economy, most people are in the same sorrowful state. Their income is down along with the value of their asset base. Some people are teetering on being unemployed.
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Scary
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Buyers and Sellers Should be Prepared for Disappointment
I just got off the phone with Susan Freedman, real estate attorney extraordinaire in White Plains, NY. She interviewed me for a monthly letter distributed to Realtors.
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The Realtors
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HSBC Pulls Out Of Wholesale Mortgage Lending
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Today, another major player announced it is leaving the wholesale mortgage market.
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HSBC, a major player in the mortgage industry announced it is pulling out of wholesale
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Mortgage Rates Go UP and Money Gets TightER!
As the government hands out more dough, rates go up and guidelines tighten for mortgage loans. Can anybody get a mortgage today?
A few tidbits from lenders today:
Lenders now requires
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Mortgage Loan Amounts Increase: The Plan is a Failure
As you know many of the banks discontinued the original economic stimulus plan. There is now a new one with higher loan amounts. The rules are not really in effect until December,
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We Can Only Hope
This week has been bleak and shiny and I am glad it is over.Â
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There are those that thought the election would bring renewed hope and an end to bad news and hardship. There are others
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Mortgage Rates Go Down and Sarah Donates Her Clothes!
I vote at the local firehouse in my neighborhood.  I was planning on voting around 5PM, but passed it on my way to the gym this morning and saw virtually no line. As a waited my turn to
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Sarah Palin: Why Isn’t Piper in School?
So, I would say this week was pretty bad for all of us in the mortgage business and all for you that need a mortgage now.Â
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The stock market and oil prices have gone up and down like a virtual
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Fed Rate Goes Down: Mortgage Rates Go Up!!!
If the Fed dropped the rate a half a point, why oh why did the mortgage rates go up!
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I just read an interesting article in AP with the Chief Economist from FreddieMac giving the lowdown
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