Tag Archives: borrowers
Banks offer refinance incentives
If you’re still waiting to refinance, now may the time to snag the best deals. Not only are mortgage rates at near-30-year lows, but applications for refinances are down, prompting some banks to seek ways to encourage homeowners to get off the fence.
T… Continue reading
Troubled waters for home loans
Nearly one in four homeowners (22.7 percent) owes more on his mortgage than the home is worth, according to California research firm CoreLogic.
Almost three-quarters of the underwater homeowners have above-market interest rates, says CoreLogic, but ref… Continue reading
Can this HARP be saved?
Let’s see if the new, improved home refinance program goes any further toward pumping life into the stagnant housing market. On Monday, the Federal Housing Finance Agency, or FHFA, the government agency that controls Fannie Mae and Freddie Mac, announ… Continue reading
Another bailout plan?
With the housing market in an unrelenting national depression, the Obama Administration is seeking solutions and Federal Housing Finance Agency acting director Edward DeMarco is feeling the heat.
One proposal put forth by President Barack Obama will ma… Continue reading