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Factbox: U.S. efforts to combat foreclosures
(Reuters) - Five large U.S. banks agreed on a $25 billion deal to end a year-long investigation into abusive foreclosure practices that is aimed at easing problems in the housing market, not just punishing the lenders. President Barack Obama, shortly after the landmark agreement was announced on Thursday, urged Congress to move ahead on other measures he has proposed to bolster the hobbled ...
news.yahoo.com
New HARP could help up to 6.7 million
Recent changes to HARP mean that some 6.7 million homeowners will be eligible to refinance their mortgage to a lower interest rate under the government-backed program.
www.wflx.com
Answer Desk: Refinance or pay the principal down?
You've been hearing about historically low interest rates for many months now, so you may be wondering whether it's best to refinance or pay the principal down instead.
www.wtop.com
For struggling homeowners, skepticism and hope
Frank DuBois stands in front of his home on Glenwood Ave., in Stratford, Conn. Feb. 9th, 2012. Photo: Ned Gerard / Connecticut Post | Buy This Photo For two years, Frank DuBois has listened to promises that never came to fruition from his bank as he fought to keep his Stratford home.
www.stamfordadvocate.com
Fitch: Low Rates Providing Limited Help to Weakest U.S. Mortgage Borrowers
The Federal Open Market Committee's expectation of low interest rates through 2014, while benefiting the U.S. Prime mortgage sector, will provide little direct help to Subprime mortgage borrowers, according to Fitch Ratings.
finance.yahoo.com
Refinance When You Have a Second Mortgage
It's not easy to refinance your mortgage when you have equity debt. Here are the options.
www.foxbusiness.com
Refi Woes Continue To Frustrate Homeowners
Greg LaPre is a district manager for a large retailer who makes good money and has solid credit. He said he spent eight months trying to refinance his home in Oxford with no luck.
www.thebostonchannel.com
Mortgage Matters: HARP 2.0 Boosts Homebuyer Confidence
The federal government recently threw a lifeline to homeowners underwater with their current mortgages. Thanks to new changes to the Home Affordable Refinance Program (HARP) guidelines, more homeowners can refinance at today’s lower rates—even if their homes have declined…
rismedia.com
Living Large? Get the Best Rate on Your Jumbo Mortgage Refinance
It's true that homeowners with jumbo mortgages do face greater challenges finding and closing refinance mortgages. Fortunately, the rewards are greater as well.
www.foxbusiness.com
Chris Vigil: New plan aims to help struggling homeowners
Whatever your political affiliation, you have to pay attention to what the Obama administration is trying to do for the housing market.
www.pasadenastarnews.com
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