RETURN TO HOME
Some Lenders will no longer be offering second mortgages soon.Part of the big mortgage melt down problem is the invention of the 80-10-10.Greed took over and we moved to the 80-20.
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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!
: Will Your Mortgage Contingency Clause Protect You If Your Lender Goes Under?
When you sign a contract to buy real estate, it includes a mortgage contingency clause.This clause allows you (typically) 45 days to obtain a mortgage. You must exercise good faith
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: Bye Bye 100% Mortgages
100% percent financing will soon be going away. Many banks in the past few years have given borrowers two separate mortgages equaling 100% of the purchase price or value. These were
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: New Century Goes Down and Takes The Good Guys With It
My favorite A Paper lender went down today. New Century Mortgage a/k/a Royal Bank of Canada. When RBC was taken over in the States by New Century, I warned my rep there could be trouble.
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: Banks Pull Back On Mortgage Loan Products
There has been much talk of the Sub-Prime mortgage industry having troubles. Yes, there is trouble now
and more to come in the near future. In light of this, FannieMae and FreddieMac
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: My Friend, Judith Mosson
We all have someone in our lives that is most special to us. A person you connect with on all levels. My friend Judith Mosson was that person to me. I met her 12 years ago and became fast friends
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: Chinese Hock Homes to Buy Stocks In Soaring Market
On my 9 1/2 hour flight back from Florence last week, I watched two movies (Will Smith in Hitch and some
movie with sub-titles—bad idea on a plane with the screen coming down from the
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: The Stock Market Fell….Did Mortgage Interest Rates Drop with It?
The global stock markets fell all around us today. China (Shanghai) down 9% and the Dow fell 416
points. That is huge!! What spurred this? Fear of the China and US economies slowing down,
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: Go See Elephant Girls at The Emerging Artists Theatre
This is my first plug in my Blog, but I feel the need.I am on the board of an Off-Broadway Theater ompany called Emerging Artists Theatre, masterfully run by Paul Adams. Paul has been
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: February 23, 2007: Do Not Lock In Your Interest Rates Today
Rates are holding steady despite the yields moving down. 10 –year bond yields are below 4.70 today. First time in a long time! Employment numbers came out better than expected—seems
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