Dec 23rd, 2008 · California has lost more homes to foreclosure this year than any other state. Given the scale of the housing crisis, a lot of people are talking about a mass loan refinancing program. It could be modeled along the lines of the pilot program federal regulators are running for IndyMac, the ill-fated bank based in Pasadena. Rachael Myrow reports for member station KQED.
Dec 23rd, 2008 · Rates on 30-year, fixed mortgages have dropped to 5.29 percent, triggering a surge in applications for refinancing. So far, it has not turned into a wave of home buying, but it might help spur sales next year.
Dec 22nd, 2008 · Developers of office buildings, shopping centers and hotels say they are having trouble refinancing loans and want access to a $200 billion fund set up by the Fed to shore up consumer lending markets. It's not clear whether the Fed is offering any encouragement.
Nov 26th, 2008 · The depressed mortgage market got a jolt when the Federal Reserve said Tuesday it would move hundreds of billions of dollars into action to revive consumer lending activity. The Fed's move sent mortgage rates down and immediately set off a wave of refinancing.
Jul 27th, 2008 · It is hoped the housing bill passed by the Senate bolsters the sagging housing market. Nariman Behravesh, chief economist and executive vice president of Global Insight, says the measure makes refinancing easier and offers incentives to first-time homebuyers.
Jul 17th, 2008 · Last year, Erwin and Inger Young of Sandwich, NH were swindled out of the deed to their home. The couple was separating and refinancing seemed like the best way out of a money hole, but they ended up caught in a common mortgage scam.
Jun 17th, 2008 · Sens. Kent Conrad and Chris Dodd may have benefited from VIP treatment when they refinanced mortgages with Countrywide Financial several years ago. Portfolio magazine cites corporate e-mails that listed both senators as "friends of Angelo." That is, friends of Angelo Mozilo, Countrywide's CEO. The senators say they didn't expect special treatment.
Apr 23rd, 2008 · What happened to Avery Salkey and her South Florida house is an extreme version of one that is happening to millions of people across the U.S. She refinanced with a "hard money" lender and is now desperately trying to save her home.