Wednesday, May 16, 2012 | Katie Stout
Changes to streamline the Home Affordable Refinance Program are helping some underwater homeowners get lower-interest loans. Those still-above-market rates, meanwhile, are boosting banks’ profits. Read the full story [Read More]
In the latest bid to help homeowners hit by the housing crash, Freddie Mac is set to drop a fee associated with refinancing deeply underwater loans.. Read the full story [Read More]
Monday, May 14, 2012 | Katie Stout
As part of a foreclosure-abuse settlement, Bank of America has started notifying about 200,000 borrowers that they may qualify for reductions of as much as $100,000 on their mortgage balances. Read the full story [Read More]
For at least the last six months or so, a lot of peope were talking about a “new wave” of foreclosures threatening to smother the U.S. housing market in gloom once again. However, according to data released this week by LPS Applied Analytics and Corelogic, the waters are still relatively calm: no big waves on ... [Read More]
The rate on 30-year mortgages averaged 3.83 percent this week, Freddie Mac reported Thursday. Last year at this time, it stood at 4.63 percent. Read the full story [Read More]
