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refinancing

When is refinancing your mortgage not a good idea

by AndrewJuly 22, 2009 Loan modification

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!When is refinancing your mortgage not a good idea?
If you have been watching the financial news you will probably have heard about the millions of people that are trying to get a loan modification that will allow their mortgages [...]

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Will Jumbo Loan Refinancing Stage A Comeback

by AndrewJuly 16, 2009 Loan modification

Will Jumbo Loan Refinancing Stage A Comeback
It is hard to feel bad for millionaires and billionaires when there is enough misery going about in the real estate market to keep everyone in tears.
However there is no denying that foreclosures have respected neither class nor wallet size with jumbo mortgages being shredded with foreclosures all over [...]

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Has The Mortgage Refinancing Season Ended

by AndrewJuly 16, 2009 Loan modification

Has The Mortgage Refinancing Season Ended
Mortgage refinancing has become as exciting as watching the stock market. The once droll and wonderful (for home owners) business of seeing interests remain pretty much stable while house prices increased with any sign of stopping has been exchanged for the much more exciting activity of seeing how low the [...]

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Fannie Mae execs get bonuses as refinancing volume triples

by Jay HammondMarch 19, 2009 Bailout

“Borrowers are increasingly taking advantage of the low mortgage rates available in the market today,” said Tom Lund, Executive Vice President, Single-Family Mortgage Business for Fannie Mae and one of four top execs recieving retention bonuses. “We anticipate that volumes will increase even more as millions of additional homeowners become eligible to refinance under the [...]

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Fannie to Loosen Underwriting Guidelines

by MorganFebruary 6, 2009 GSEs

Because good rates don’t do any good when no one can qualify, Fannie Mae is relaxing underwriting standards to make it easier for homeowners to refinance (h/t Mortgage Insider). They’ll be loosening credit, appraisal and income requirements in order to open up the tight refi market.
From Bloomberg:

Fannie Mae will drop some credit-score requirements, reduce [...]

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IRS Speeds Lien Relief

by Jay HammondDecember 17, 2008 Legislation

The Internal Revenue Service (IRS) is giving struggling American homeowners a gift this holiday season. No, they aren’t canceling homeowners’ tax debt. They are, however, making it easier for distressed homeowners to avoid having a federal tax lien block the sale or refinancing of a home. They are also expediting the process for requesting a [...]

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Is It Too Late to Rescue Mortgages?

by MorganDecember 9, 2008 Economy

A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment.

There’s no question that the economy, both domestically and globally speaking, is in pretty bad shape. Businesses are failing, jobs are [...]

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