Posts with tag refinance

The demand for homes continues its downward slide. Mortgage applications, a measure of home sales in the pipeline, fell 18.6 percent for the week ending December 17, according to the Mortgage Bankers Association. The sixth straight week of declines in refinance applications, a whopping 24.6 percent, reflecting the... Continue Reading »

Over 4 million American homeowners with Fannie Mae and Freddie Mac loans have taken advantage of historically low interest rates thanks to the refinancing flexibilities offered through the Making Homes Affordable program. Since the program started, homeowners with a Fannie or Freddie loan have median savings of over $500... Continue Reading »

Page Two Return to Page One: Do You Qualify for the Obama Refi Plan Fannie Mae Home Affordable Refinance rules Objective: Fannie Mae's Home Affordable Refinance program is intended to help borrowers refinance to reduce their monthly principal-and-interest payment or switch from a risky loan product such as a... Continue Reading »

The lowest mortgage rates in our lifetimes are inspiring a huge volume of new mortgages. The Mortgage Banker's Association, a national organization representing the real estate finance industry -- expects to see nearly $3 trillion in business this year. But it's not only new buyers that are tempted to apply for home loans.... Continue Reading »

Many underwater homeowners-those who owe more on their home than it is currently worth-feel stuck. They can't sell without taking a major loss, and they often can't refinance because the appraiser's report doesn't past muster. If they want to take advantage of some mortgage modification programs, they're often told they... Continue Reading »