Refinancing

The Fed recently reported that Americans lost over 60% of their home equity between 2007 and 2009. So it's no surprise that millions of homeowners also lost the ability to borrow against the home equity they once had. In the states hardest hit by the foreclosure tsunami, like California, Nevada and...

Being able to afford a home has inspired many couples to tie the home ownership knot, married or not. Even those who already own homes are looking at uber-low rates and running to refinance. But with lending guidelines tighter than a Nicki Minaj outfit, more and more wanna-be buyers are running...

Things aren't moving along all that swimmingly in the loan modification world. The number of proprietary loan modifications – those conducted by lenders themselves rather than a government program -- fell by almost 14% in October, according to the Hope Now alliance. At least in part, the...

Fallout from the ongoing "robo-signing" foreclosure scandal may cost major banks billions, shake the foundations of the fragile housing market and threaten the stability of the U.S. economy, warns a new report from a congressional watchdog. The Congressional Oversight Panel's November report,...

The owner of New Day Financial Solutions Inc. agreed to pay New Jersey up to $805,000 to settle allegations that he defrauded homeowners trying to avoid foreclosures, said state Attorney General Paula T. Dow. The state claimed New Day and other companies owned by Stephen Pasch of Somerset County...

In the decade-long run-up to the bursting of the housing market bubble, millions of Americans got caught up in playing a game of home loan limbo: how low can my payments go? And with every cha-ching of the refinance ATM, the recipe of lower payments and more cash-out led to one result: an extended...

Inquiries and complaints about so-called forensic loan audits, aimed at getting mortgage modifications, are soaring -- leading consumer groups to warn that many of them are scams. Consumers need to know what they are getting before hiring a business that offers forensic mortgage loan audits because...