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mortgage refinance loansCNN Money - NEW YORK (CNNMoney.com) -- Interest rates on 30-year mortgages are down and mortgage applications are up. Is it time to refinance? ... This has been a tough area because lenders are reluctant to back these loans. Read more
Time to refinance?San Francisco Gate - ... to as high as $729,750 in expensive areas, to let more homeowners with high-rate subprime mortgages refinance into federally insured loans. The package also includes a temporary increase in the cap on mortgages that the government-sponsored mortgage ... Read more
California gets first crack at new FHA mortgage limitsWall Street Journal - Homeowners with home-equity loans or lines of credit may be able to refinance more easily by simply paying off their loans. With home values falling in his market, Steve Walsh, a mortgage broker in Scottsdale, Ariz., says he's encouraging some ... Read more
Some Borrowers Hit New Snag In RefinancingSeattle Times - Problems in the credit markets and eroding home values are making it harder to refinance out of unmanageable loans. The threat of so-called "mortgage walkers," or homeowners who can afford their payments but decide not to pay, also increases as home ... Read more
Homeowner Equity Is Lowest Since 1945CNBC - ... today joined the call, first issued by Fed Chairman Ben Bernanke, for mortgage ... Up to now, many subprime borrowers who could refinance had both decent credit ratings ... the picture, and narrow the pool of readily 'refinanceable' subprime loans. Read more
Boston Fed's Rosengren joins call for mortgage value writedownsStreet.Com - ... 28, according to Freddie Mac FRE -- leading to monthly payments of $2,270 for a $275,000 loan. You can find rates for home-equity loans, mortgages and other financial vehicles at BankingMyWay.com . A cash-out refinance, like any other mortgage ... Read more
How to Pay for Home RenovationsSanta Rosa Press Democrat - Hardest hit are those with adjustable-rate loans that were popular during the housing boom because they helped lower monthly mortgage payments. But those costs jump as rates rise and homeowners face losing houses if they can't refinance or sell. Read more
Jumbo loans get FHA backingHampton Roads Daily Press - The FHA loans are also available to people who want to refinance their current high-cost mortgages. New FHA Mortgage Insurance Limits in Hampton Roads Read more
In Hampton Roads, HUD will now back loans up to $428KReuters - ATLANTA (Reuters) - Defunct "high-risk" mortgage lenders were far more active in ... teaser rates, 100 percent financing, and low or no income documentation loans ... Under the recommendations, servicers would also have to develop rescue refinance loan ... Read more
Risky lending far higher in minority areas: reportCNBC - WASHINGTON - The government on Thursday raised the limits for loans that can be purchased by mortgage companies Fannie Mae ... government said nearly 250,000 additional borrowers now will be able to buy homes or refinance into more affordable home loans ... Read more
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