The FHA Short Refinance program, made available to loan servicers in June but formally launched in October, has resulted in just 15 refinances as of… Read More »FHA Short Refinance Program Has Resulted in Only 15 Refis
Wells Fargo wants borrowers to put down 30 percent on mortgages to avoid a new requirement that will require mortgage lenders to retain five percent… Read More »Wells Fargo Calls for 30 Percent Down Payments on Mortgages
FHA refinance loan volume fell 29.9 percent from October to November, according to a FHA Single-Family Outlook released recently by HUD. A total of 69,062… Read More »FHA Refinance Applications Plummet in November
The so-called “Keep Your Home California program” launched today, aimed at keeping, you guessed it, more Californians in their homes. The program offers four types… Read More »Keep Your Home California Program Launched
New research from Ohio State University suggests that homeowners who obtain home loans from local mortgage lenders are less likely to default than those who… Read More »Homeowners Less Likely to Default on Mortgages from Local Lenders
