Home Loans Made Easy

Mortgage Loans Refinancing, Rates

• Mortgage Refinancing Expanded Under Home Affordable Refinance Program
  According to recent mortgage lending reports, the Obama administration eased eligibility rules Wednesday for its Home Affordable Refinance program, lifting the maximum loan-to-value ratio to 125% from 105.  The shift, which regulators had hinted was coming, is aimed at making refinancing available to more people whose homes are worth less ...
• Mortgage Refinancing Modifications and Obama Home Loans
  Former Ditech executive, Jeff Morris, says “When the average borrower with a jumbo mortgage can qualify to refinance at a competitive interest rate, I’ll know we have turned the corner.”  Morris continued, it’s a mess out there…Many homeowner think that Obama is going to give them 2% fixed rate even ...
• More Mortgage Loans May Qualify for Refinancing
  The Government released a statement that more homeowners with high LTV mortgage loans could soon be eligible for refinancing under the Obama administration's plan to stem foreclosures.  According to a Bloomberg, the government is thinking about how to expand the existing foreclosure prevention initiatives to help homeowners who are more deeply ...
• Mortgage Refinancing Applications Drop as Interest Rates Rise
  Mortgage refinance loans continue to make up the majority of the market with both VA home mortgages and FHA home loans dominated.  A according to industry data released today, mortgage loan applications dropped last week as mortgage rates crept up.  The mortgage market composite index, a measure of mortgage loan ...
• New Affordable Mortgage Refinance Program
  An important part of Fannie Mae's role in the Making Home AffordableSM Program is Home Affordable Refinance, available for mortgage refinance transactions of existing Fannie Mae loans only. The goal of the mortgage refinance effort, as announced by the President, is "to provide access to low-cost refinancing for responsible homeowners ...