Home Refinancing - ‘The pullback in the U.S. residential real-estate market is showing no
‘The pullback in the U.S. residential real-estate market is showing no
Marketwatch - been rising and the credit crunch is making it harder to obtain home loans. Falling home prices also make it more difficult for borrowers to refinance There likely are a large number of ’sold’ homes where the original mortgage commitment cannot or
Rams Turns to Australian Market After U.S. Refinancing Failure
Bloomberg - Aug. 28 (Bloomberg) — Australia’s Rams Home Loans Group Ltd. said it will try to sell more mortgage-backed bonds in the domestic market after failing to refinance A$6.18 billion ($5 billion) of short-term debt in the U.S. this month. The Sydney
Home prices fall record 3.2% nationally
Marketwatch - Falling prices make it more difficult for homeowners to tap their home equity or refinance their mortgages. Millions of homeowners who took out adjustable-rate loans in 2005 and 2006 face sharply higher mortgage payments this year and next, with
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Marketwatch - July existing home sales data showed “troubling” inventory data, said Sue Trinh, senior currency strategist at RBC Capital period last year, raising the concern that with house prices continuing to trend lower, some homeowners’ ability to refinance