Refinance Archives

NEW YORK (MainStreet) -- Fewer homeowners than at any time since the economic crisis are taking cash out of their home refinancing deals, reflecting the continued struggles in the U.S. housing market. Read more»

Millions of homeowners would like to sell their houses but can’t, because buyers are scarce or prices too low. While waiting for the market to improve, a refinancing might be appealing, offering a chance to cut monthly payments. Read more»

NEW YORK (sbup) — Consumer advocates have long argued that banks and lenders are playing games with delinquent homeowners, especially in the ways that they evade homeowners’ questions and keep the foreclosure process rolling even when loan modification programs are simultaneously underway. Read more»

NEW YORK (sbup) — It's been pretty well accepted that the economic crisis will require some spending cuts, but one cut in the recent 2011 U.S. federal budget compromise that could really hurt low-income homeowners is scaling back the Department of Housing and Urban Development's (HUD) housing counseling program. Congress yanked $88 million in funding, and U.S. seniors and first-time homeowners could suffer as a result, advocates say. Read more»

NEW YORK (sbup) — The Obama administration has apparently had enough of big banks and lenders dragging their feet on home loan modifications, and now the federal government is ready to clamp down on mortgage lenders and make them modify millions of mortgages, whether they like it or not. Read more»

Alan Fram, Associated PressWASHINGTON (AP) — The White House on Tuesday threatened to veto a Republican bill that would abolish an Obama administration program aimed at helping people refinance homes that are worth less than they paid for them.The veto threat could be the first of several as House Republicans begin working on bills terminating four administration-backed programs aimed at preventing foreclosures. Read more»

NEW YORK (sbup) — NEW YORK (MainStreet) — The Federal Housing Administration outlined new mortgage guidelines in February that will kick in this spring, foc Read more»

NEW YORK (sbup) — Some mortgage holders have a big advantage over others when it comes to a home loan modification, but neither party has any say in the matter. What banks do with their customers’ mortgages isn’t doing those homeowners any favors, and they like to keep the reason a secret. Read more»

NEW YORK (sbup) — With millions of Americans behind on their mortgage payments and extra cash in short supply for everyone, one mortgage loan modification counselor hopes an online “do it yourself” loan modification program will fix the problem. Read more»