Finance Industry Today: Mortgage Refinancing News

Grey army: Reversing fortunes

10 May 2008 15:49 GMT

... suggest the under-utilised product, called a reverse mortgage and designed solely for the over-60s, could ... the pension," he said. "Often we can refinance that debt into a reverse mortgage so ...

Barefoot Investor: Trouble shooting

10 May 2008 15:49 GMT

... trouble. We are struggling to make our mortgage payments, the credit cards are maxed, and ... can go broke, or be bitten by refinance sharks that pick away at a person's ...

In the papers today: Dungeon dad facing cellar kid's revenge

10 May 2008 15:26 GMT

... on its massively delayed 9 bn debt refinancing that has been hit hard by the ... as cash-strapped families struggle to pay their mortgage. SILLY QUADS Four Chelsea stars head for ...

EDITORIAL: Grappling with vacant homes: Crisis threatens neighborhoods

10 May 2008 14:44 GMT

... precursor to foreclosure proceedings -- on their mortgages after their payments reset to higher rates. ... mortgages so strapped borrowers facing foreclosure can refinance; provides financial counseling for struggling homeowners; and ...

Assessing Remortgage Applications

10 May 2008 13:10 GMT

... rate period you may be preparing to remortgage. Switching mortgages is quite common in the ... available. Similarly, the type of property being refinanced can affect a remortgage application. Some lenders ...

Housing aid bill faces presidential veto

10 May 2008 12:31 GMT

... thousands of homeowners struggling with rising subprime mortgage rates and plummeting house values could be ... that financially strapped borrowers facing foreclosure could refinance. The plan by Rep. Barney Frank, D-Mass., ...

Home foreclosures on the rise in metro-east

10 May 2008 12:31 GMT

... country

Mortgage aid passes, faces veto

10 May 2008 11:36 GMT
... homeowners ensnared in a double-whammy of subprime mortgage rate resets and plummeting house values could ... that financially strapped borrowers facing foreclosure could refinance. The bill was approved 266-154, with 39 ...

President, Congress draw up different plans to address nation's housing crisis

10 May 2008 11:30 GMT
... Housing Administration (FHA) greater flexibility to insure mortgages and reduce monthly payments for borrowers with ... the bill. Expanding FHASecure, the government-backed mortgage refinancing product, creates a more viable option for ...

Good work by Ohioans improves foreclosure-aid bill - editorial

10 May 2008 11:17 GMT
... of Massachusetts, would help homeowners shed adjustable-rate mortgages - many of them now unaffordable and ... portion of a struggling buyer's debt. Newly refinanced borrowers would have to take out insurance ...

Foreclosures on the rise

10 May 2008 11:08 GMT
... country

In the papers today: Flexi-working for millions of mums

10 May 2008 10:39 GMT
... on its massively delayed 9 bn debt refinancing that has been hit hard by the ... as cash-strapped families struggle to pay their mortgage. SILLY QUADS Four Chelsea stars head for ...

House repossession claims up by a third

10 May 2008 10:39 GMT
... three months because they were concerned about mortgage arrears. He said: "Because of the credit ... climate, many homeowners have been struggling to refinance homes. "The current market prices for getting ...

Rates on 30-year mortgages rise to highest level in 7 weeks

10 May 2008 09:59 GMT
... Rates on 30-year mortgages rise to highest level in 7 weeks ... 15-year, fixed-rate mortgages, a popular choice for refinancing, dipped to 5.59 percent this week, down ...

Government-backed housing bailout badly needed

10 May 2008 09:56 GMT
... NEW YORK -- A government-backed mortgage bailout is needed, and it must be ... financially strapped to qualify. Those homeowners could refinance into new loans if their lenders agreed ...