For underwater homeowners and many who want to help them, there is a Holy Grail: principal reduction. But will the government make this idea a reality?
An underwhelming jobs report has some investors skittish about the economy, but what does it mean for interest rates?
Freddie Mac is hinting that government-sponsored home mortgages may soon offer for a big “out” for troubled homeowners – reduced principal on their mortgages.
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With mortgage rates at record lows, many are wondering whether it’s an opportune time to refinance again. Here’s a look at the pros and cons of the decision.
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A new calculator on The Mortgage Professor site incorporates the latest underwriting rules from Fannie Mae, Freddie Mac and the Federal Housing Administration to ...
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.
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