Latest News in Refinancing Home Mortgages – July 02, 2009

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Fannie, Freddie ease terms for mortgage refinance – Kerala Next
Under the widened program, mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) will refinance up to 125 percent of a home’s value, lifting the current 105 percent loan-to-value cap. “By expanding refinance eligibility, we can bring …

New mortgage rules could help more borrowers – San Francisco Gate
The Obama administration on Wednesday broadened its refinance program for underwater borrowers, those who owe more than their homes are worth. Now, borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac and are current on their …

UPDATE 3-Fannie, Freddie ease terms for mortgage refinance – Forbes
WASHINGTON, July 1 (Reuters) – The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages. Under the widened program, mortgage finance companies Fannie …

Weston Title Encourages Refinancing Before Rates Get Higher – PR.com
Weston, FL, July 02, 2009 –( PR.com )– Good credit, steady income and home equity are qualifiers of a good refinance candidate, says real estate attorney Roy Oppenheim. ?South Florida homeowners in the process of refinancing a home may wonder …

Freddie Mac allows financing of 125% of home value – Birmingham Business Journal
Freddie Mac announced Wednesday that it would offer loan-to-value ratios on home mortgage refinancings of up to 125 percent for qualified borrowers. The announcement comes as the Obama administration raised the maximum allowable loan-to-value (LTV …

How to find good mortgage refinance loan & get instant approval – OpEdNews.com
Mortgage loan modification services and programs offered by professional loan modifications companies. Home loan modification programs effective solution for those who face mortgage payment problems. The bad credit refinance led to the really …

New loan rules will allow more homeowners to refinance mortgages – St. Peters…
The Obama administration eased eligibility rules Wednesday for its Home Affordable Refinance Program, lifting the maximum loan-to-value ratio to 125 percent from 105 percent. The shift, which regulators had hinted was coming, is aimed at making …

Mortgage requests fall most since Feb. – Boston Globe
Mortgage applications fell last week by the most since February, defying efforts by President Obama?s administration to revive the housing market. The Mortgage Bankers Association?s index of applications to purchase a home or refinance a loan …

Obama widens mortgage refi program – CNN Money
NEW YORK (CNNMoney.com) — The Obama administration is widening its mortgage refinancing program to allow more borrowers hit hard by falling home prices to take part. Borrowers whose loans are now worth up to 125% of their home’s value are now …

Freddie Mac Relief Refinance Mortgage(SM) Now Available With Up to 125 … -…
MCLEAN, Va. , July 1 /PRNewswire/ — To help borrowers who have seen significant home price declines refinance their existing loans, the Obama Administration today announced the availability of loan-to-value (LTV) ratios up to 125 percent for Home …

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