Cash Out Refinance Mortgage Links

Feds, states, banks agree to $26 billion mortgage settlement - USA TODAY

USA TODAY

Feds, states, banks agree to $26 billion mortgage settlement USA TODAY A monitor will be appointed to see that it is carried out. The five servicers involved so far —Bank of America, JP Morgan Chase, Citigroup, Ally Financial and Wells Fargo— will provide $17 billion in mortgage relief to more than 1 million homeowners. States Negotiate $26 Billion Agreement for HomeownersNew York Times 5 banks in $26B settlement with feds over abusesCBS News New York, California to sign mortgage settlementABC News Chicago Tribune all 759 news articles »

Freddie: 4Q 'Cash-In,' 'Cash-Out' Refinances Both Hit 26-Year Records - Wall Street Journal

Housing Wire

Freddie: 4Q 'Cash-In,' 'Cash-Out' Refinances Both Hit 26-Year Records Wall Street Journal About 85% of homeowners who refinanced their first-lien mortgages during the fourth quarter either maintained their loan amounts or lowered their principal balances, Freddie Mac (FMCC) said, a signal of potentially improving credit trends for the ... 85 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in ...MarketWatch (press release) Freddie Mac sees 4Q cash-out refis at 26-year lowHousing Wire Half of Mortgage Refis are Cash-InNASDAQ all 714 news articles »

Obama Mortgage Refinancing Plan: A Bailout by Any Other Name - National Legal and Policy Center

National Legal and Policy Center

Obama Mortgage Refinancing Plan: A Bailout by Any Other Name National Legal and Policy Center Others were owners who refinanced with "cash out" mortgages in excess of what the home was worth. Still others were black and Hispanic first-time buyers, who, despite limited credit histories and down payment capability, received loans due to threats ... and more »

Cash Out Volume Hits 16-Year Low - National Mortgage Professional Magazine

Deseret News

Cash Out Volume Hits 16-Year Low National Mortgage Professional Magazine Freddie Mac has released the results of its Q4 refinance analysis showing that homeowners who refinance continue to strengthen their fiscal house. In the fourth quarter of 2011, 85 percent of homeowners who refinanced their first-lien home mortgage ... Half of Homeowners Who Refinanced Reduced Principal BalanceLoanRateUpdate (press release) With Rates This Low, Should You Refinance Again?MainStreet all 66 news articles »

US banks near $40bn housing deal - Financial Times

Financial Times

US banks near $40bn housing deal Financial Times The mortgage component of the proposed deal involves about $3bn in benefits for borrowers who would refinance out of high-cost loans into cheaper mortgages, and a system of roughly $17bn in so-called “credits” that would be earned in relation to the ... 5 Booming Bank Stocks Poised to FallForbes all 36 news articles »