Everything you’ve ever wanted to know about refinancing a mortgage, which is essentially replacing your dusty old home loan with a brand new shiny one.
More relief is on the way for underwater borrowers, assuming mortgage lenders agree to take part in the voluntary program. On September 7, HUD will… Read More »FHA Short Refinance Program to Launch Next Month
Mortgage Q&A: “Can I refinance a mortgage with negative equity?” Nowadays, more and more homeowners are finding that their condo or home value isn’t worth… Read More »Can I Refinance a Mortgage With Negative Equity?
Cash out refinancing hit its lowest point since late 2003 last quarter, but that’s not necessarily bad news. During the second quarter, just 38 percent… Read More »Rate and Term Refis Reduce Mortgage Payments by Billions
As expected, the recent spike in mortgage rates has led to wild new proposals to solve the ongoing mortgage crisis. The latest proposal comes from… Read More »Four Percent Mortgage Proposed to Solve Crisis
San Francisco-based bank and mortgage lender Wells Fargo reportedly hired 5,000 employees to handle its ever-increasing mortgage workload, according to Bloomberg. Wells Fargo CFO Howard… Read More »Wells Fargo Hired 5,000 Employees to Handle Mortgage Workload
During a Housing Refinance Roundtable today, President Obama urged homeowners to take advantage of the record low mortgage rates currently on offer. He made the… Read More »Obama Urges Americans to Refinance Mortgages
Bank of America said today it has begun processing refinance applications under the Treasury’s “Making Home Affordable” program, with nearly 200,000 customers contacting the company… Read More »Bank of America Refinancing Under Making Home Affordable Program
More good news…for loan originators. The Mortgage Bankers Association increased its 2009 mortgage lending forecast by $800 billion to $2.78 trillion thanks to the expected… Read More »MBA Ups 2009 Mortgage Forecast by $800 Billion