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refinance homeReuters - WASHINGTON, March 5 (Reuters) - Staff of the U.S. Office of Thrift Supervision (OTS) met with mortgage servicers on Wednesday to discuss a proposal to refinance loans whose home values have dipped, according to a source familiar with the meeting. The ... Read more
US thrift regulator, industry meet on home refinancingReuters - In recent months we estimated that a fair number of borrowers with subprime mortgages may be able to refinance ... as time goes by, however, declining home prices are experiencing financial difficulties or mounting debt as the economy slows," he said ... Read more
UPDATE 1-Fed's Rosengren: rapid action needed on housingColleyville Courier - How You Too Can Invest in the Same Market the Mega-Rich Make Billions. $150,000 Loan for $391/month - Refinance, Home Equity and Purchase. Historic Low Rates From Top Lenders - No Obligation, No SSN Required & Bad Credit OK. Wakefly Inc, is a ... Read more
Mortgage NewsletterSanta Rosa Press Democrat - Sonoma County home prices have fallen 19 percent since housing hit record highs in summer 2005, and homeowners can't refinance if they owe more than a home is worth. Read more
Jumbo loans get FHA backingWall Street Journal - In the latest sign of how the credit crunch is hurting even borrowers with good credit, some home-equity lenders are starting to slam the door on homeowners who want to refinance their primary mortgages. In some cases, homeowners who in the past ... Read more
Some Borrowers Hit New Snag In RefinancingMSNBC - Many of these adjustable loans were sold with assurances that the borrower could refinance before the higher “reset” payment kicked in. But with home prices falling, many owe more than their house is worth, eliminating the option of conventional ... Read more
Calls widen for foreclosure solutionsForbes - Up to now, many subprime borrowers who could refinance had both decent credit ratings and some equity remaining in their homes. Rosengren warned, 'as time goes by, however, declining home prices are eroding borrowers' equity, and some are experiencing ... Read more
Boston Fed's Rosengren joins call for mortgage value writedownsWausau Daily Herald - Hospitals look to refinance debt load By Amy Olson Wausau Daily Herald aolson@wdhprint.com ... Previously, large financial institutions bought bonds when they didn't sell; in the wake of sharp increases in home ... Read more
Hospitals look to refinance debt loadSan Francisco Gate - Before today, however, FHA could not insure single-family home mortgage loans in the continental United States that ... The new higher limits also will let more people who are struggling with their existing mortgage refinance into the government's ... Read more
FHA boosts home mortgage limitsNews.com.au - The specialist lender, which markets home equity release loans to cash-strapped retirees, has until the end of the month to extend or refinance a $325 million facility with Commonwealth Bank. Read more
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