refinance

Obama's Refinance Plan Explained

The Obama administration is revamping a program that's designed to let more homeowners refinance their mortgages even if they don't have any equity. This isn't a new program, but instead attempts to turbo-charge an existing federal initiative called the Home Affordable Refinance Program. Here's a look at some frequently asked questions.

No Low-Rate Refis for Underwater Homeowners

Today's record-low mortgage rates are out of reach for millions of U.S. homeowners who would benefit from them most. These "underwater" borrowers have virtually no shot at refinancing. Their plight is a drag on the housing market and the broader economy.

The Lowest Mortgage Rate, Ever!

America reached a milestone on Thursday: the lowest home mortgage rate in history. But at the same time as this astounding announcement, The Wall Street Journal reported that U.S. home ownership declined 1.1% over the past decade, the biggest drop since the Great Depression. What does it all mean for homeowners, home shoppers, and real estate investors?

Will Obama Refinance Your Mortgage?

Several press reports claim that the Obama administration is considering a program that will let struggling homeowners refinance at current mortgage rates. With rates at all-time lows, refinanced mortgages could save people hundreds, if not thousands of dollars a year.

Is It Time to Refinance Your Mortgage?

With interest rates dipping to historic lows, many homeowners are refinancing their mortgages to shorten either the terms of their loans or their monthly payments. Here's what you need to know to decide whether refinancing now is right for you.

What's Behind the Drop in Mortgage Applications?

The Mortgage Bankers Association said mortgage applicatins dropped 10.5% last week, the biggest drop in four months. Elsewhere -- housing starts and homebuilder confidence -- signs are more hopeful. But the mortgage mess could be a spoiler.

Modifying Homeowners' Loans - and Their Behavior

It's been well-reported that mortgage loan modifications are moving like molasses at big banks. But a little company called Ocwen Financial is using behavioral science to remove the stumbling blocks that get in the way of people trying to keep their homes.

Earnings Preview: BofA, Wells and Morgan Stanley

Bank of America and Well Fargo are expected to post losses while Morgan Stanley is seen reporting a profit on Wednesday. Less certain is what the newly minted CEOs at BofA and Morgan Stanley are going to tell investors about vision and strategy.

Should you refinance now? Depends!

In the past few weeks, we've gotten quite a few emails from homeowners wondering if they should take advantage of these historically low interest...