Latest News in Refinancing Home Mortgages – March 12, 2009

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Florida has high hopes for Barack Obama’s home foreclosure plan – Fort Lauder…
MESA, Ariz – Seeking to tackle “a crisis unlike any we’ve ever known,” President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their homes to foreclosure. Announcing the plan in …

Mortgage Applications Rise for First Time in 3 Weeks – CNBC
U.S. mortgage applications rose for the first time in three weeks as near record low interest rates spurred demand for home refinancing and purchase loans, data from an industry group showed on Wednesday. The jump in demand came several weeks after …

Want to Refinance? Not so fast, many are learning – ABC2 News
As homeowners try to refinance their mortgages at lower rates, their home equity lenders are telling them, “Not so fast.” Home equity lenders are throwing roadblocks in front of their clients who want to refinance their primary mortgages. In some …

Fannie Mae Undertakes ‘Making Home Affordable’ Refinancing and … – Earthtimes
WASHINGTON , March 4 /PRNewswire-FirstCall/ — Fannie Mae (NYSE: FNM) today began making two new initiatives — Home Affordable Refinance and Home Affordable Modification — available to its servicers and borrowers as part of the Obama Administration …

CallCopy Names Syntellect as 2008 Distributor of the Year COLUMBUS … – dBu…
Credit Card Debt? Residential Finance Corp. Says Refinance Mortgage to Pay Bills, Get Tax Deductions, Protect Your Credit Learn how to refinance your home mortgage loan and get … CallCopy Names Syntellect as 2008 Distributor of the Year Normal 0 …

8.3 million ‘underwater’ on loans – Minneapolis Star Tribune
More than 8.3 million U.S. mortgage holders owed more on their loans in the fourth quarter than their property was worth as the recession cut home values by $2.4 trillion last year, according to First American CoreLogic. An additional 2.2 million …

Lawmaker goes after ex-Fannie CEO over loan deal – WTOP Radio
WASHINGTON (AP) – A Republican lawmaker is accusing the former chief executive of mortgage finance company Fannie Mae of being dishonest in testimony before Congress about discounts he received on his home loan. Rep. Darrell Issa of California …

Find Out If You Qualify For Mortgage Assistance – Consumerist.com
The Obama Administration announced new details about its massive foreclosure relief program ? and the Washington Post says that it includes a refinancing program for homeowners with little equity in their homes, but who otherwise would be able to …

Home Equity Loan: Obstacle to Refinancing? – Street.Com
With interest rates low, many homeowners are considering refinancing their mortgages these days. But even if you have excellent credit and plenty of equity, there might be one last obstacle to overcome: your home equity loan. There’s a hierarchy in …

See how you can get mortgage relief available to 9 million American … – Co…
The following are key excerpts from the federal government’s Q&A about the new program that the Obama administration says should cut mortgage bills for up to 9 million Americans who are having troubling making their monthly payments. The program …

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