Mortgage applications rise on refinancing
Continuing declines in fixed interest rates prompted a 9.2 percent increase in mortgage applications last week, the Mortgage Bankers Association reported Wednesday. Most of the increase came, however, from refinancing. The percentage of loans for refinancing increased to 74.9 percent from 72.1 percent the previous week. The percentage of mortgages for buying a house fell 2.4 percent from the ...
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Refinancing Jumps Under HARP 2.0
Applications for mortgage refinancing have seen a sharp increase since new, relaxed guidelines for the Home Affordable Refinance Program (HARP) were unveiled last fall, the White House announced
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House rejects home refinancing amendment
A proposal by a Republican lawmaker to support homeowner refinancing by backing it with $100 million from the state's...
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Senate Democrats push to ease home refinancing
WASHINGTON (Reuters) - Senate Democrats on Tuesday tried to drum up support for widening a government program that aims to help homeowners with government-backed loans to refinance. Although Democrats have expressed a desire to open the door to refinancing for more borrowers who owe more than their properties are worth, lawmakers have held back from writing a bill. Republicans remain leery of ...
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Congress Mulls President's To-Do List
This week, President Obama made his to-do list and handed out his assignments for Congress: Reward American jobs, not outsourcing Refinancing for responsible home owners Tax credits for small business jobs Clean energy manufacturing Veterans’ jobs corps But are any of the latest items destined...
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