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refinancing a houseMSNBC - But with home prices falling, many owe more than their house is worth, eliminating the option of conventional refinancing. If the economy worsens, and more people lose their jobs, that could increase the number of families at risk of losing their ... Read more
Calls widen for foreclosure solutionsStockhouse Canada - The cash on hand must be exhausted by now - I dont think refinancing at 50 or 60 cents will help much. FDA approval will likely be held up by the US Presidential race and the US recession is going to deaden any US market even if FDA approval was ... Read more
SUBJECT: OBP DOWN 60% IN PAST YEAR! Posted By: WinwinstwinForbes - ... on the two mortgage-finance companies and give a new regulator authority to limit their mortgage holdings passed the House ... and Freddie may buy in high-cost areas from $417,000 up to $729,750, a move intended to stimulate new loans and refinancing ... Read more
Ahead of the Bell: Fannie, FreddieForbes - ... Ben Bernanke warned Tuesday that mortgage delinquencies and foreclosures are likely to rise, with more declines in house ... greater latitude to the Federal Housing Administration to set underwriting standards and risk premiums for mortgage refinancing ... Read more
UPDATE 2-Bernanke-More house price drops, loan woes likelySilicon Valley - Even refinancing takes longer now. Cutbacks at banks and escrow companies mean there are fewer people to speed along your loan. ... on a new home unless you're paying in cash, or you make an offer that's contingent on the sale of your existing house. Read more
10 things to know about Silicon Valley real estate - right nowPittsburgh Channel - Kubler tells his clients around the globe to build the financial house from the ground up. ... Otherwise, you could lose money in the cost of refinancing. Some financial gurus advise that now is a good time to apply for a ... Read more
Recession-Proof Your Financial FutureNPR News - ... to the national housing market, Bernanke said, "would be facilitated by allowing the FHA the flexibility to offer refinancing ... This weak underwriting might not have produced widespread payment problems had house prices continued to rise at the rapid ... Read more
Bernanke Warns of More Foreclosures, Despite AidNews.com.au - BusinessDaily revealed last week that leading home lender and broker Mortgage House was also relying on a $750 million ... the company's directors decided to prepare the financial accounts on a going concern basis because the expected refinancing ... Read more
Squeeze on loan pioneerInternational Herald Tribune - They said that if they were to write down the principal and house prices were to fall further, they could feel pressured ... reset to higher rates, making their monthly payments unaffordable. Problems in the credit markets have made refinancing a ... Read more
Bernanke calls for action to reduce U.S. home foreclosuresGuardian Unlimited - ... in the last few months, while Barcelona-based Habitat last week staved off bankruptcy at the eleventh hour by refinancing 1.6 ... The government, which faces general elections on March 9, expects house price growth to ease to low single digits but not ... Read more
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