Refinance Home Loans
Refinance Home Loans News and Refinance Home Loans Information.

Mortgage application volume declines 14.1 percent, hits lowest level - Minneapolis Star Tribune
but not today. The winners buck the trend. Buy in the bust years and sell in the boom years. Never a better time to buy a new home. NEW YORK - Mortgage application volume tumbled 14.1 percent during the week ending July 25, hitting its lowest level

Q: What exactly will the legislation do? - MSNBC
A: It will allow those who qualify to cancel their old mortgage loans and replace them with 30-year fixed-rate loans for up to 90 percent of the home’s current value. The FHA will insure a total of $300 billion of the loans over a three-year period

Mortgage application volume hits 2008 low - Washington Post
NEW YORK — Mortgage application volume tumbled 14.1 percent during the week ending July 25, hitting its lowest level of the year, according to the Mortgage Bankers Association’s weekly application survey. Volume fell even though interest rates on

Scope, speed of federal ‘Hope’ program for homeowners suggests relief - Newsday
CHICAGO (AP) _ Help is on the way for some debt-plagued homeowners. It just may not be fast enough or broad enough to keep many from losing their residences. The mortgage relief plan that President Bush is poised to sign as soon as Wednesday is

Bush signs U.S. housing bill as Fannie Mae grows - Reuters UK
WASHINGTON (Reuters) - U.S. President George W. Bush on Wednesday signed into law a sweeping rescue package aimed at resurrecting the housing market from its worst slump since the Great Depression and stabilizing the two largest mortgage finance

Who Wants Low Mortgage Rates? - Best Syndication
Who doesn’t want low mortgage rates? A low mortgage interest rate means spending less on your monthly payments during the course of the mortgage. A low mortgage rate can save homebuyers like you several thousand dollars. A low mortgage rate means

Sir James Crosby’s report predicts mortgage market paralysis for three - Times Online
The seizure in Britain’s mortgage market will persist for at least three more years, Sir James Crosby, the former chairman of HBOS, said yesterday. His warning came as statistics showed that the number of new home loan approvals fell last month to

Who qualifies for mortgage help and how to get it - BusinessWeek
Questions and answers about the Hope for Homeowners Act of 2008, passed by Congress last weekend to try to steer as many as 400,000 struggling homeowners away from foreclosure: Q: What exactly will the legislation do? A: It will allow those who

Congress Passes Housing Rescue Bill, Bush Expected to Sign - FOX News
WASHINGTON Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign

Asia markets dragged down by Wall Street weakness, Merrill loss - San Diego Union-Tribune
HONG KONG Asian markets fell sharply Tuesday on Wall Street’s weakness, with anxiety over U.S. housing and financial sectors deepening after investment bank Merrill Lynch & Co. announced a $5.7 billion loss from bad debt. A disappointing Toyota

Fed Debate Heats Up Over Rising Inflation Risk: John M. Berry - Bloomberg
July 29 (Bloomberg) — The policy debate within the Federal Reserve is growing sharper. On one side is Fed Chairman Ben S. Bernanke , who is opposed to raising interest rates even though consumer prices have gone up 5 percent over the past year. On

The consumer is often wrong - CNN Money
NEW YORK (CNNMoney.com) — Consumer confidence may have increased slightly in July, but it is clear that consumers are still not very happy. That’s according to the latest consumer confidence figures from the Conference Board reported Tuesday morning

BCB Bancorp, Inc., Announces 13.3% Increase in Quarterly Earnings - Businesswire.com
BAYONNE, N.J.–( BUSINESS WIRE )–BCB Bancorp, Inc., Bayonne, NJ (NASDAQ: BCBP) announced an increase in net earnings of $150,000 or 13.3% to $1,276,000 for the three months ended June 30, 2008 from $1,126,000 for the three months ended June 30, 2007

How the housing bill hits home - Marketwatch
CHICAGO (MarketWatch) — One of the highlights of the housing bill waiting to be signed by President Bush is a tax credit of up to $7,500 for first-time home buyers. But read a little closer and it doesn’t seem quite as appealing for buyers: that

U.S. Congress Passes Fannie, Freddie Rescue Measure (Update2) - Bloomberg
July 26 (Bloomberg) — The U.S. Congress passed and sent to the president legislation to stem foreclosures for 400,000 homeowners and aid Fannie Mae and Freddie Mac , its most sweeping effort to halt the biggest housing slump since the Depression

Rescue Package Contains Loophole That Could Help You Keep Profits - Wall Street Journal
If you are in deep trouble on your mortgage, the new housing rescue package may offer you an almost unbelievable second chance. It may make it possible for you to keep your home, slash your loan balance — and refinance at cheaper rates, thanks to a

Mortgage relief plan should eventually boost banks - Forbes
Congress’ plan to allow people to refinance into more affordable mortgages won’t just relieve thousands of homeowners - it’s also expected to save the banks who issued the loans billions of dollars. Most banks will end up losing much less money

Regional home builder Ron Mustari’s downtown Sarasota project is at - Herald Tribune
Until recently, the only positive business venture Ron Mustari had going for him was the prospect of building a hotel on land his home building company once owned near Fruitville Road and Cocoanut Avenue in Sarasota. The proposed 212-room structure

ALTA Applauds Congress on Passage of Landmark Housing Legislation - Forbes
American Land Title Association CEO, Kurt Pfotenhauer, issued the following statement on the Senate’s passage of H.R. 3221: “A person’s ability to buy, own and sell a home is fundamental to our nation’s economy. Congress’ passage of this landmark

Freddie Mac: Less homeowners tap equity - San Diego Union-Tribune
The amount of money Americans pulled out of their homes is at a four-year low as homeowners battle falling home values and stricter standards among lenders, Freddie Mac said Thursday. Homeowners cashed out about $68 billion in home equity

Big housing measure OK’d, but some say it’s not enough - Seattle Times
An abandoned home stands behind a padlocked gate in Stockton, Calif., an area that has been hard-hit by foreclosures. Provide refinancing assistance for at least 400,000 families in their primary residences. To participate, lenders and mortgage

Mortage relief coming to help ease housing crisis - Detroit Free Press
WASHINGTON — Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President George W. Bush said he

Reverse Mortgage Pitfalls - Forbes
Reverse mortgages are a way for elderly people to draw an income (either in installments or a lump sum) against the equity that they’ve built up in their homes. For many older people in need of funds to live on, it is nothing short of a blessing, but

Banks can cut off equity line - Detroit Free Press
Lenders across the nation are reducing or canceling the home-equity lines of credit held by homeowners. Dear David: I obtained a $60,000 home-equity line of credit two years ago, but have never used it. Last week, I received a letter stating that the

5 Critical Signposts on a Lender’s Road to Customer Satisfaction - CRM Buyer
There are five key performance indicators that are critical for home-equity lenders in satisfying customers, according to J.D. Power and Associates. These include avoiding surprising the customer during the origination process and being versatile and

How housing rescue bill can help you - CNN Money
NEW YORK (CNNMoney.com) — The Senate on Saturday passed a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac. President Bush is likely to sign the bill

U.S. Housing, Bank Regulators Summoned to Meet on Housing Bill - Bloomberg
July 27 (Bloomberg) — U.S. housing and banking regulators have been summoned to Capitol Hill this week in a bid to speed enactment of sweeping housing legislation lawmakers passed this weekend, Senator Christopher Dodd said. Dodd, a Connecticut

Congress approves housing bill - Reuters
WASHINGTON (Reuters) - The U.S. Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to mortgage titans Fannie Mae and Freddie Mac, and setting up a $300-billion fund to help hundreds of thousands of

Deciding to Refinance - Walletpop.com
When you refinance your home, you seek to replace your current mortgage loan with a new loan that has more favorable loan terms. Usually, you refinance to pay off a higher-interest loan with a loan that has a lower interest rate. However, you may

Mortage relief coming to help ease housing crisis - Detroit Free Press
WASHINGTON — Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President George W. Bush said he

Housing bill not just for those on edge - Chicago Tribune
If you think the housing bailout bill in Congress benefits only troubled homeowners, you may miss out. Millions of people could potentially benefit from the legislation, which is expected to become law soon. Some highlights (minus all of the fine

5 Critical Signposts on a Lender’s Road to Customer Satisfaction - CRM Buyer
There are five key performance indicators that are critical for home-equity lenders in satisfying customers, according to J.D. Power and Associates. These include avoiding surprising the customer during the origination process and being versatile and

Housing Bill Has Something for Nearly Everyone - New York Times
If you are ignoring the housing bailout bill because you think it benefits only troubled homeowners, you may miss out on a windfall. The bill, expected to be passed by the Senate in the next few days and then signed by President Bush, does offer

Use of home equity hits a four-year low - MSNBC
The amount of money Americans pulled out of their homes is at a four-year low as homeowners battle falling home values and stricter standards among lenders, Freddie Mac said Thursday. Homeowners “cashed out” about $68 billion in home equity during

US home equity cash-outs fade as prices slide - Freddie Mac - Reuters
NEW YORK, July 24 (Reuters) - The share of U.S. homeowners who tapped home equity for extra spending money when refinancing fell in the first half of 2008 to the lowest level in several years, mortgage financier Freddie Mac (FRE.N: Quote , Profile

State should save money with bond refinancing - The State
South Carolina should save $235 million during the next decade by refinancing bonds tied to a national lawsuit settlement with cigarette companies. State Treasurer Converse Chellis compared it to a homeowner refinancing their home to a 15-year

Some help for homeowners - Chicago Tribune
From help for struggling borrowers to tax breaks for affluent owners, here are resources for homeowners as they head into the spring — and tax — season. *Mending broken ARMs: Thousands of Chicago-area homeowners are facing hikes of several hundred

Refinancing may save state $235M - Charleston Post & Courier
COLUMBIA South Carolina should save $235 million during the next decade by refinancing bonds tied to a national lawsuit settlement with cigarette companies. State Treasurer Converse Chellis compared it to a homeowner refinancing their home

WaMu: We have $50 billion in liquidity - CNN Money
NEW YORK (CNNMoney.com) — Washington Mutual’s stock dove more than 13% Friday morning but recovered after the battered savings and loan confirmed that it had beefed up its liquidity. WaMu spokesman Derek Aney said in an email to CNNMoney.com that

U.S. foreclosure filings jump 121 percent - MSNBC
NEW YORK - Home foreclosure filings rose 14 percent in the second quarter, the eighth consecutive quarterly climb, and more than doubled from the same period a year-earlier, real estate data firm RealtyTrac said on Friday. Home foreclosure filings

Housing bill clears hurdle, Saturday vote seen - Reuters
WASHINGTON (Reuters) - A sweeping bill to aid the battered U.S. housing market and provide an emergency backstop for the mortgage finance system cleared a procedural hurdle in the Senate on Friday, setting it up for a Saturday vote. Under the

U.S. Foreclosures Double as House Prices Decline (Update2) - Bloomberg
July 25 (Bloomberg) — U.S. foreclosure filings more than doubled in the second quarter from a year earlier as falling home prices left borrowers owing more on mortgages than their properties were worth. One in every 171 households was foreclosed on