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Answer: If your loan was backed by Fannie Mae or Freddie Mac, and if it was originated before June 1, 2009, you may be in luck, thanks to recent improvements to the federal government's Home Affordable Refinance Program, or HARP. Federal officials ...
"That could lead to a mass refinancing program for agency- backed mortgages that would go well beyond the existing HARP program," Seiberg wrote, referring to the Home Affordable Refinance Program, a federal effort to help distressed borrowers.
while those who already own homes and have enough equity are keeping mortgage brokers busy with requests to refinance their loans. "We've had a huge increase," said mortgage broker Andrew Soss of Stewart and Soss Mortgage in San Jose.
As part of the bankruptcy, I only have to pay my secured credit - the arrears on the mortgage on my home -and not the unsecured credit. I recently got a new job and I want to refinance my mortgage. There are 20 years left on the current mortgage.
A strong rumor was going through the markets on January 5th of a massive home refinancing program that would have affected US banks, and in particular, Bank of America. In fact, the rumor was so widespread that BAC stock rose 10% during the day, only to be ...
A long-awaited federal program will soon allow more Phoenix-area homeowners to refinance their mortgages and lower their payments in spite of owing far more than their homes are now worth. The expansion of the Home Affordable Refinancing Plan ...
The San Diego County Tribe closed today on a refinancing of its $215 million in outstanding high-yield bonds, due September 2013, at an unprecedented low interest rate for a Native American gaming operation. "The closing of today's refinancing will ...
OAKLAND, CA - DECEMBER 06: Occupy protesters hang a 'welcome home' banner on the front of a foreclosed ... control over Fannie Mae and Freddie Mac to facilitate large-scale refinancing of mortgages for borrowers who lack sufficient equity ...
ST. PAUL, Minn. -- Only about 20 percent of eligible Minnesota homeowners were taking advantage of a two-year-old federally sponsored mortgage refinance program, according to Mary Tingerthal, Commissioner of the Minnesota Housing Finance Agency. However ...
NEW YORK - The economic benefit of home-loan refinancing to consumers far exceeds the effect of lost returns to investors who provide the residential financing, according to a Federal Reserve Bank of New York research paper, in the bank's latest salvo in ...