Refinance

Everything you’ve ever wanted to know about refinancing a mortgage.

Bank of America Refinancing Under Making Home Affordable Program

April 9, 2009 No Comments »

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 to determine eligibility. “Combined with historically low interest rates, this program has generated significant interest ... Read More »

MBA Ups 2009 Mortgage Forecast by $800 Billion

March 24, 2009 No Comments »

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 refinance bonanza. The group now expects refinancing to total $1.96 trillion in 2009 and purchase ... Read More »

FHA Limits Cash Out Refinances to 85 Percent

March 16, 2009 No Comments »

The FHA, which has seen its share of scrutiny as of late, plans to lower the maximum loan-to-value associated with cash-out refinances beginning April 1. The agency, which previously allowed cash out refinancing up to 95 percent, will drop that ... Read More »

Medical Collections Killing Refinance Frenzy?

December 8, 2008 No Comments »

Everyone knows mortgage rates have plummeted in recent weeks, but what does that actually mean for those looking to refinance? With tough guidelines in place and flagging property values, it could equate to a lot of spinning wheels and paperwork. ... Read More »

Senator McCain Unveils Mortgage Refinance Plan

April 10, 2008 No Comments »

U.S. Senator and presidential hopeful John McCain delivered a speech today at a small business roundtable in Brooklyn, unveiling his so-called “HOME” plan to tackle the ongoing housing crisis. McCain applauded recent bipartisan efforts aimed at easing the mortgage crisis, ... Read More »