A new government report spells out what’s wrong with the Home Affordable Modification Program, the government’s signature housing relief program.
President Obama will clarify some steps to alleviate the housing market’s woes in a speech today in Las Vegas.
Low mortgage rates may make refinancing tempting, but closing costs change the calculus.
Mortgage rates are tantalizingly low. But for some homeowners, the opportunity to refinance could be scuttled by an appraisal.
Homeowners with good credit and decent value from their homes have all the leverage they need to cut their monthly mortgage bill – if they avoid some costly mistakes.
The federal government is looking at how it could help a greater number of homeowners who owe more than their house is worth refinance at today's historically low rates.
Pennsylvania's successful efforts to help newly unemployed homeowners meet their mortgage obligations could be a model for the rest of the country, the Fed says.
Having had a couple of failed false starts with HAMP, Obama’s new mortgage refinancing plan has to work even harder to be effective.
Friday's credit downgrade means a new outlook for interest rates, complicating the decision on whether to hold onto an ARM or refinance to a fixed-rate loan to lock in a low interest rate.
Fewer cash-out refinancing deals on the market's horizon could spell higher fees from banks and more stability for homeowners.