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Mortgage Refinancing

Refinance Wisdom: Should You or Shouldn't You?

Jim Gibson | Posted 07.05.2014 | Money
Jim Gibson

Headline news reports that our very own Federal Reserve Board has finally put its foot down. "No more" is the message from the Fed. This announcement is causing some financial pundits along with mortgage brokers to stand up and shout out that you better refinance now while you still can.

Report: Bank Of America To Cut 2,100 Jobs

The Huffington Post | Posted 09.09.2013 | Business

Bank Of America plans to cut 2,100 jobs, according to a tweet from Bloomberg News. The job cuts are due to slowdowns in the mortgage refinancing in...

2,300 Jobs Cut

Reuters | By Peter Rudegeair | Posted 08.22.2013 | Business

(Reuters) - Wells Fargo & Co , the largest mortgage lender in the United States, will cut 2,300 jobs in its home loan business because fewer customers...

Big Bank Profits Are About To Take A Major Hit

Reuters | Posted 09.12.2013 | Business

By Peter Rudegeair July 12 (Reuters) - Unexpectedly large quarterly profits at JPMorgan Chase & Co and Wells Fargo & Co hide a more w...

Should You Pay Off Your Ex's Credit Cards?

Adam Levin | Posted 07.16.2013 | Divorce
Adam Levin

When the Love Boat morphs into the Titanic and you are flailing in the icy waters of the North Atlantic, the banks are not rescuers, they're sharks..

'Uphill Battle' Ahead For Obama-Backed 'Fix'

AP | ANDREW MIGA | Posted 04.19.2013 | Politics

WASHINGTON — A sharply divided Congress isn't likely to jump at President Barack Obama's challenge for quick passage of a mortgage refinancing b...

U.S. Eyeing Move That Could Put Taxpayers At Risk

Reuters | Posted 12.27.2012 | Business

(Reuters) - The U.S. government is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by Fanni...

A Tale of Two Cities

Rob Taub | Posted 12.23.2012 | Business
Rob Taub

In Manhattan, the real estate ship has definitely turned and is leaving a wake behind. For the rest of the country, there doesn't seem to be more than a ripple.

Why You Shouldn't Pay Down Your Mortgage Faster

AP | JONATHAN FAHEY | Posted 08.30.2012 | Money

-- The impulse to pay off your mortgage more quickly than you need to is understandable, especially these days. Interest rates are near historic low...

Hope for Homeowners

Van Jones | Posted 09.01.2012 | Business
Van Jones

The banks that got us into our economic mess are putting up barrier after barrier to keep homeowners from refinancing to the now much lower rates. Refinancing could help 11 million Americans stay in their homes by saving them on average $2,500 per year.

What To Know Before Refinancing Your Mortgage

Reuters | Posted 05.19.2012 | Money

By John Wasik March 16 (Reuters) - I got a letter from my bank the other day offering a streamlined refinancing deal for my current home mortg...

Mortgage Applications Surge Fueled By Refinancing Demand

Reuters | Posted 04.09.2012 | Business

NEW YORK, Feb 8 (Reuters) - Applications for U.S. home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell...

Jason Linkins

Let's Help Reporters Understand What 'Mortgage Refinancing' Is, Shall We?

HuffingtonPost.com | Jason Linkins | Posted 02.02.2012 | Media

Dave Dayen today flags an exchange between Fox News White House Correspondent Ed Henry and HUD Secretary Shaun Donovan, in which the former drives the...

Obama Outlines New Plan To Help Struggling Americans

AP | JIM KUHNHENN and BEN FELLER | Posted 04.02.2012 | Politics

FALLS CHURCH, Va. — Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of g...

Most Americans Want The Government To Combat Foreclosures: Poll

The Huffington Post | Alexander Eichler | Posted 01.27.2012 | Business

With no end in sight to the foreclosure crisis, a majority of Americans are calling on the government to do something about it. Fifty-eight percent...

Why Congressional Republicans Should Support Obama's Just-Announced Large Scale Mortgage Refinancing

Mark Steitz | Posted 03.25.2012 | Politics
Mark Steitz

Tonight, the president announced a plan to allow for the refinancing of the mortgages of every responsible homeowner -- and many of the primary beneficiaries of this plan would be Republican voters in Tea Party districts. Shouldn't Republicans in Congress line up?

Remodeling Homeowner Incentives: A Plan to Revive the Housing Market by Replacing Mortgage Interest Deductions with Tax Credits

Bill Parks | Posted 03.18.2012 | Business
Bill Parks

It is time that we considered deeper, more meaningful reforms that would help existing homeowners, encourage prospective buyers and spur the construction, banking and real estate industries now and in the future.

With Latest Plan, Obama Again Tries To Rehabilitate Housing Market [UPDATE]

The Huffington Post | Alexander Eichler | Posted 12.24.2011 | Business

President Obama and White House officials announced a major change to a national home-refinancing plan Monday, in an effort to stimulate the economy a...

JPMorgan, Bank of America, Wells Fargo Accused Of Overcharging Military Veterans

The Huffington Post | Alexander Eichler | Posted 12.05.2011 | Business

In what is only the latest instance of questionable mortgage practices coming to light, a new lawsuit claims that 13 banks and mortgage companies -- i...

Mr. President, Please Read This Before Thursday

Ed Koch | Posted 11.06.2011 | New York
Ed Koch

Your speech this Thursday could be one of the most important you have ever delivered. The following are my suggestions for what the speech should include in order for it to resonate with the American people.

She Who Hesitates, Rents

Lita Smith-Mines | Posted 10.16.2011 | New York
Lita Smith-Mines

The woman was fidgety as she shared her qualms about buying a house. More than once she said, "I know this doesn't make total sense..." as she discussed the reasons for her reluctance.

10 Charts To See Before You Buy A Home: Michael David White

newobservations.net | Michael David White | Posted 05.25.2011 | Business

Michael David White lays out ten charts he recommends every home buyer see before taking out a mortgage. ...

Mortgage Modifications Still Uncommon Despite Huge Losses From Liquidation Sales

The Huffingtonpost | Matthew Palevsky | Posted 05.25.2011 | Business

Despite efforts by the Obama Administration to stave off foreclosures by providing incentives for banks to modify mortgages for distressed homeowners,...