Latest News in Refinancing Home Mortgages – Oct 9, 2008
Please note it is your responsibility to evaluate the accuracy, completeness and usefulness of any information, opinion or advice contained in the content below.Mortgage Woes – BusinessWeek
March 24 – With several housing numbers this week pointing to a further decline in real estate, we take the pulse of the mortgage market and the impact of subprime loans on the industry and on anyone looking to refinance or buy a home. We talk with a …
Lehman, Merrill Woes Sting Commercial Mortgages Debt (Update1) – Bloomberg
Sept. 17 (Bloomberg) — The collapse of Lehman Brothers Holdings Inc. and Bank of America Corp. ’s purchase of Merrill Lynch & Co. will make it harder for even the strongest borrowers to refinance commercial real estate loans, according to UBS AG …
Lower rates don’t guarantee homeowners can refinance – Seattle Post Intellige…
A dramatic drop in mortgage rates has motivated some homeowners to wonder if they should refinance. A better question might be: Are they able to refinance? Back when house prices were zooming upward, it was easy to refinance a mortgage. Lending …
Stocks surge on report of government’s bad mortgage debt plan – New York Dail…
Traders on floor of New York Stock Exchange were looking up as Dow rises 410 points on belief feds are ready to perform intervention on mortgage-related bad debts. The schizophrenic stock market suddenly rocketed up 410 points Thursday on word that …
More rush to refinance mortgage – Seattle Post Intelligencer
NEW YORK — Homeowners rushed to take advantage of last week’s drop in interest rates following the government’s takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears about the eroding conditions in financial markets. A …
Mortgage Applications Jump on Refinancing – CNBC
U.S. mortgage applications surged to their highest level in four months in the latest week, fueled by soaring demand for home loan refinancing as interest rates plunged, an industry group said on Wednesday. The Mortgage Bankers Association said its …
Wells Fargo Raises Rates: Are Homeowners Out In The Cold? (update) – CNBC
SOV Loading… () ] and others are still at the old rate, no borrower in their right mind would go to Wells Fargo. My buddy says no biggee, Wells Fargo can afford to shut down its mortgage division for a while until all …
Debtors seek to refinance homes – Raleigh News & Observer
Queries soar as interest rates fall There were 245 messages waiting Monday morning for Chris Corchiani, the owner of DNJ Mortgage in Cary. That’s 10 times the number he normally receives. Homeowners hoping to consolidate loans, ditch their adjustable …
Mortgage industry welcomes federal fix – AZCentral.com
The government takeover of mortgage giants Fannie Mae and Freddie Mac instantly made it cheaper and easier to get a fixed-rate mortgage in Arizona and around the country. That could provide a welcome nudge for prospective home buyers and for existing …
The FHA’s Private Partners – Forbes
If Congress gets its way, the Federal Housing Administration’s mission will be greatly expanded, allowing it to insure as much as $300 billion in additional mortgages to help struggling homeowners refinance. That raises a few important questions: How …
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