Feb 19th 2013 1:30PM
Refinancing a mortgage has become a popular option for current homeowners in the last year or so, as mortgage rates have held steady at well below 4 percent for some time. However, new data show that in general, the number of people who also use the refinancing opportunity to shorten their loan terms is shrinking. In the... Continue Reading »
Oct 4th 2012 5:08PM
By Jeff Brown Terrific news! Home equity lending is increasing! OK, maybe it's not a world-changing event. But an uptick in home equity loans is more evidence that the housing market is strengthening. And it gives another loan option to homeowners who still do have equity despite the plunge in home prices after the... Continue Reading »
Oct 3rd 2012 5:30PM
Applications for U.S. home mortgages surged last week as demand for refinancing rose to the highest level in more than three years, driven by a drop in interest rates to yet another record low, data from an industry group showed on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage... Continue Reading »
Sep 10th 2012 2:00PM
By Les Christie While millions of struggling homeowners have had to jump through all sorts of hoops trying to refinance their mortgages, Michelle and Bob Irwin barely had to lift a finger. This summer, the couple received a letter from JPMorgan Chase, their mortgage servicer, informing them that it was going to slash... Continue Reading »
Aug 8th 2012 9:00AM
By Jon Prior JPMorgan Chase went from fast-tracking foreclosures to rubber stamping and pre-approving some borrowers for refinances and even principal reduction. The five largest mortgage servicers signed a $25 billion deal with federal prosecutors and 49 state attorneys general in March to settle foreclosure abuses and... Continue Reading »
