Refinance Home Loans
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Mortgage Applications Bounce from 8-Year Low - CNBC
The Mortgage Bankers Association’s seasonally adjusted mortgage applications index, which includes both purchase and refinance loans, increased 16.8 percent to 476.7 in the week ended Oct. 24, reversing the prior week’s 16.6 percent slump to the

FDIC Plan Tests Limits of Leniency - Wall Street Journal
ANTIOCH, Calif. — When the Federal Deposit Insurance Corp. seized control of IndyMac Bancorp — the nation’s 10th-largest mortgage lender by loan volume — the agency vowed to ease terms for many of its troubled borrowers. In doing so, the FDIC

Divorce can raise deed, loan issues on home - San Francisco Gate
Sunday, October 26, 2008 Both houses have mortgages: Mine carries a rate of 6 percent and his is at 5.75 percent interest. Needless to say, there is no incentive for him to refinance that favorable loan rate. My ex is not the healthiest man, and my

One in five homeowners with mortgages under water - Reuters
NEW YORK (Reuters) - Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday shows. About 7.63 million

Evidence of a recession piles higher with new data - WTOP Radio
WASHINGTON (AP) - Evidence of a recession piled ever higher Friday, with new figures showing Americans are spending less and gloomy about the economy, while the government signaled it won’t buy stock in the financing arms of auto companies to prop

For local buyers, mortgage harder to get as banks require more - Pantagraph
On the other side of that, I don t know if we can give them a loan, Maschhoff said. Borrowers who want to get a new home mortgage, refinance a home loan or open up a home equity line of credit are up against some challenges in today s

McCain Voters More Confident About Home Values Than Obama’s - HULIQ.com
Are John McCain’s voters really unrealistic about the prices of their houses? The recent survey by Zillow shows that McCain voters show more confidence about wwn homes’ values than Obama voters. Also, at least 7.5 million American homeowners are

Financial Experts Field Public s Queries During Online Chat - The Ledger
Every time a big, red, downward-facing arrow appears next to the word “Dow” on TV, it’s natural to think, “Should I be doing something different?” When your bank needs a bailout, it only makes sense you’d contemplate jumping ship. To field your

Will a Gov’t. Loan Modification Plan Work? - ABC News
Denise Harris is worried about her children. After her divorce, it’s been tough to make her mortgage payments and she’s afraid that her family will soon have to move out of their Arizona home. Denise Harris, top, says it would “mean everything” to

Denmark Eases Pension Rules to Stem Mortgage Declines (Update3) - Bloomberg
Oct. 31 (Bloomberg) — Denmark proposed a plan to protect its $360 billion mortgage-bond market from a sell-off by pension funds, the second rescue package this month. The government, the Financial Supervisory Authority and the Danish Insurance

Bank regulator says US working to help besieged homeowners refinance - Chicago Tribune
WASHINGTON (AP) _ Federal regulators told Congress Thursday they’re working on a plan that could help many distressed homeowners escape foreclosure in a global financial crisis that former Federal Reserve Chairman Alan Greenspan warned will get worse

2nd Bailout Plan of $40 Billion To Help You Refinance - Best Syndication
The Federal Government is working on $40 billion plan to help homeowners refinance their mortgage and avoid foreclosure. Sheila Bair, chairman of the Federal Deposit Insurance Corp., told the Senate Banking Committee that the government can do more

New Mortgage Salve Is Unlikely the Last - Wall Street Journal
WASHINGTON — The head of the Federal Deposit Insurance Corp. told lawmakers Thursday the agency is developing a plan to assist homeowners struggling to pay their mortgages, but some senators said they might take action on their own in the coming

Japan Land Prices May Fall as Property Funds Fail to Refinance - Bloomberg
Oct. 31 (Bloomberg) — Some of Japan’s biggest property investors, including KK DaVinci Holdings and Morgan Stanley , may have to sell some of their holdings because of the credit crunch, dragging commercial real estate prices lower, analysts said

Business briefs Oct. 31 - Inside Nova
Veterans with conventional home loans now have new options for refinancing to a Department of Veterans Affairs guaranteed home loan. These new options are available as a result of the Veterans Benefits Improvement Act of 2008, which the president

Fortress To Get Help From Quicken For Mortgage Investments - Wall Street Journal
Fortress Investment Group LLC (FIG) unveiled a joint venture with Quicken Loans Inc. that will help the firm with its mortgage portfolios and investments. Quicken, the largest Internet-based retail mortgage lender, will help refinance and modify the

2nd Bailout Plan of $40 Billion To Help You Refinance - Best Syndication
The Federal Government is working on $40 billion plan to help homeowners refinance their mortgage and avoid foreclosure. Sheila Bair, chairman of the Federal Deposit Insurance Corp., told the Senate Banking Committee that the government can do more

Microsoft warns of financial crisis email scams - Reuters
LONDON (Reuters) - Internet fraudsters will try to exploit the global financial crisis by sending fraudulent emails purporting to offer cash-strapped consumers new mortgages, loans or money from failed banks, a Microsoft executive said on Wednesday

New Mortgage Salve Is Unlikely the Last - Wall Street Journal
WASHINGTON — The head of the Federal Deposit Insurance Corp. told lawmakers Thursday the agency is developing a plan to assist homeowners struggling to pay their mortgages, but some senators said they might take action on their own in the coming

UPDATE 1-AIG units to participate in commercial paper program - Reuters
NEW YORK, Oct 30 (Reuters) - American International Group Inc (AIG.N: Quote , Profile , Research , Stock Buzz ), the insurer saved from bankruptcy by a federal bailout, said on Thursday four affiliates applied to participate in the Federal Reserve

Subprime meltdown culprits - Los Angeles Times
As the cost of Wall Street’s credit crisis has mounted, the hunt for villains has intensified and the accusations of fault have widened. At first the focus was on greedy profiteers among lenders and investment bankers, who were an easy (and deserving

Dear Alpha Consumer, - US News and World Report
I own my home with my husband. Our mortgage balance is $135,000. We also have $30K in credit card debt, which is where the big problem is. The interest is killing me, and I cannot make a dent in the balances. I no longer use these cards as I am

As mortgage rates drop, some consider refinancing - WCNC
CHARLOTTE, N.C. — Rates on a 30-year fixed loan are at the lowest level in the last five weeks. Last week the rate was 6.46 percent. That fell to a new low this week of 6.04 percent. That has people frozen in their homes by dropping prices, thinking

Calif mortgage defaults drop as new law takes hold - San Diego Union-Tribune
SAN FRANCISCO The number of home loan default notices filed in California in the third quarter fell 22.5 percent from the second quarter, the first decline in three years, likely because of a new law affecting foreclosure procedures, a report

European Bonds Rise as Regional Services, Manufacturing Shrink - Bloomberg
Oct. 25 (Bloomberg) — European government bonds climbed as stocks tumbled and an industry survey showed the region’s manufacturing and service industries shrank for a fifth month in October as the 15-nation economy slides toward a recession. Two

Expect more email scams to emerge - Independent Online
Internet fraudsters will try to exploit the global financial crisis by sending fraudulent e-mails purporting to offer cash-strapped consumers new mortgages, loans or money from failed banks, according to a Microsoft executive. Tim Cranton, an

US working on plan to help homeowners refinance - Salon
Oct 23rd, 2008 | WASHINGTON — The federal government is working on a loan-guarantee plan that could help many homeowners escape foreclosure, a banking regulator told Congress Thursday. At the same time former Federal Reserve Chairman Alan Greenspan

Criminals cash in on financial turmoil - Calgary Herald
Fraud - Internet fraudsters will try to exploit the global financial crisis by sending fraudulent e-mails purporting to offer cash-strapped consumers new mortgages, loans or money from failed banks, a Microsoft executive said Wednesday. Tim Cranton

Q: Can points from a refinanced mortgage be deducted on my taxes? - Louisville Courier-Journal
A: If the points were paid solely to refinance the mortgage, they can be deducted as mortgage interest but must be spread out over the life of the loan. If part of the refinanced mortgage money was used to pay for home improvements, the points

Fed’s Duke suggests new Hope for Homeowners program is nearly - Forbes
WASHINGTON (Thomson Financial) - Federal Reserve board member Elizabeth Duke said today that the Hope for Homeowners (H4H) program, a $300 billion mortgage refinance program launched earlier this month, is nearly ready to become operational. ‘Lenders

Military Intelligence Government allows VA to refinance more loans - Frederick News-Post
Veterans with subprime mortgages may now refinance those loans with a VA-guaranteed mortgage under a law signed Oct. 10. Under the Veterans’ Benefits Improvement Act of 2008, veterans can refinance a subprime or conventional mortgage with the

Head of financial rescue program cites progress - Washington Post
House Oversight and Government Reform Committee member Rep. Elijah Cummings, D-Md. asks questions of the panel during a hearing of the committee on Capitol Hill in Washington, Wednesday, Oct. 22, 2008. (AP Photo/Lawrence Jackson) (Lawrence Jackson

US working on plan to help homeowners refinance - Salon
Oct 23rd, 2008 | WASHINGTON — The federal government is working on a loan-guarantee plan that could help many homeowners escape foreclosure, a banking regulator told Congress Thursday. At the same time former Federal Reserve Chairman Alan Greenspan

Bank regulator says US working to help besieged homeowners refinance - Minneapolis Star Tribune
After Clinton expanded the community housing act, it became illegal for banks not to make loans to certain low income, high risk read more individuals.. WASHINGTON - The federal government is working on a loan-guarantee plan that could help many

US working on plan to help homeowners refinance - Salon
Oct 23rd, 2008 | WASHINGTON — The federal government is working on a loan-guarantee plan that could help many homeowners escape foreclosure, a banking regulator told Congress Thursday. At the same time former Federal Reserve Chairman Alan Greenspan

Microsoft warns of financial crisis email scams - Economic Times
LONDON: Internet fraudsters will try to exploit the global financial crisis by sending fraudulent emails purporting to offer cash-strapped consumers new mortgages, loans or money from failed banks, a Microsoft executive said on Wednesday. Tim Cranton

Official: mortgage plan coming soon - Salon
Oct 23rd, 2008 | WASHINGTON — A senior Treasury official says the department intends to get a program to help struggling homeowners revise mortgages up and running soon. Neel Kashkari, who is heading the government’s $700 billion financial rescue

Sources: Feds prepare mortgage modification plan - Seattle Times
The government is considering a plan that would help around 3 million homeowners avoid foreclosure, sources briefed on the matter said. A final deal had not been reached as of Wednesday afternoon and negotiations could still fall apart, but

Mortgage applications jump 17% on lower rates - CNN Money
NEW YORK (CNNMoney.com) — Borrowers streamed back into the mortgage market last week as loan applications jumped nearly 17%, according to a regular survey from the Mortgage Bankers Association. “Rates were going down last week,” said Keith Gumbinger

Florida home foreclosures continue to rise - Miami Herald
Foreclosures in Florida continued to rise in September, as job losses, declining property values and adjusting mortgage payments pushed nearly 50,000 new homeowners into default, according to new data released Thursday. Statewide new foreclosure

FDIC may guarantee troubled home loans - CNN Money
WASHINGTON (AP) — The government is considering a plan that would help around 3 million homeowners avoid foreclosure, sources briefed on the matter said. A final deal had not been reached as of Wednesday afternoon and negotiations could still fall

Head of financial rescue program cites progress - Washington Post
House Oversight and Government Reform Committee member Rep. Elijah Cummings, D-Md. asks questions of the panel during a hearing of the committee on Capitol Hill in Washington, Wednesday, Oct. 22, 2008. (AP Photo/Lawrence Jackson) (Lawrence Jackson

Mortgage Video Gallery - CNBC
The Mortgage Bankers Association’s seasonally adjusted mortgage applications index, which includes both purchase and refinance loans, increased 16.8 percent to 476.7 in the week ended Oct. 24, reversing the prior week’s 16.6 percent slump to the

Treasury, FDIC Said to Craft Plan to Curb Foreclosure (Update2) - Bloomberg
Oct. 29 (Bloomberg) — The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a plan that may provide about $500 billion in government guarantees for troubled mortgages, according to people familiar with the matter. The program

U.S. mortgage applications sink to 8-year low - San Diego Union-Tribune
NEW YORK Demand for applications to buy U.S. homes and refinance mortgages sank to the lowest level in nearly eight years, a trade group said on Wednesday, in the heart of a financial crisis that has sapped consumer confidence. The Mortgage

Online fraudsters will use cash crisis - News.com.au
INTERNET fraudsters will try to exploit the global financial crisis by sending fraudulent emails purporting to offer cash-strapped consumers new mortgages, loans or money from failed banks, a Microsoft executive says. Tim Cranton, an internet safety

Mortgage applications fall 16.6 pct - Washington Post
NEW YORK (Reuters) - Demand for applications to buy homes and refinance mortgages sank 16.6 percent last week, a trade group said on Wednesday, in the heart of a financial crisis that has sapped consumer confidence. The Mortgage Bankers Association’s

Microsoft warns of financial crisis email scams - Reuters UK
LONDON, Oct 29 (Reuters) - Internet fraudsters will try to exploit the global financial crisis by sending fraudulent emails purporting to offer cash-strapped consumers new mortgages, loans or money from failed banks, a Microsoft executive said on

Residential Finance boosts staff in move - Tampa Bay Business Journal
Home mortgage lender Residential Finance Corp. will expand its Tampa operations with a move to larger office space and a 25 percent increase in staff. Residential Finance, a Columbus, Ohio-based firm that specializes in refinance, said it continues