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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: refinancing

refinancing stories: 6 news summaries

 Foreclosures Rose 
 24% in First Quarter 

Rate expected to rise through the summer

Apr 16, 09 8:31 AM CDT
(AP) - The number of American households threatened with losing their homes grew 24% in the first 3 months of this year and is poised to rise further as major lenders restart foreclosures after a temporary moratorium, figures out today show. Though the Obama administration has invested $75 billion to help up... More »

MORE ABOUT:
foreclosure • refinanced mortgages • housing crisis • mortgage delinquency • Obama administration • financial crisis • refinancing

ANALYSIS

All Options on Table in Fight to Halt Foreclosure

Obama considering moratorium, gov't-sponsored refinancing

Jan 26, 09 8:54 AM CST
(Newser) - The Obama administration is considering plans to stem the tide of foreclosures ranging from doubling the mortgage interest deduction to a six-month foreclosure moratorium to government-sponsored refinancing, reports the Los Angeles Times. But a strategy is still at least several weeks away and, regardless of what bandages are applied, “... More »

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foreclosure • mortgage • credit crisis • housing crisis • Obama administration • financial crisis • refinancing • President Obama

Mortgage Refinancing Rush Continues Into New Year

30-year fixed mortgage rate is lowest on record

Jan 14, 09 3:17 PM CST
(Newser) - Homeowners continue to scramble for refinancing in order to lock in currently low interest rates, MarketWatch reports, with applications jumping 25.6% last week, to the highest level since June 2003. The average interest rate on a 30-year fixed-rate mortgage fell 0.10% for the week ending Jan. 9, to... More »

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mortgage • mortgage rates • interest rate • refinanced mortgages • refinancing

OPINION

 Hey, Gen-Xers, 
 Housing Mess 
 Is Your Fault  

They borrowed too much to avoid fractured family of their youth

Dec 23, 08 5:30 PM CST
(Newser) - Stung by the divorces and TV dinners of their youth, Gen-Xers spent whatever it took to make a happy home for themselves and their kids—even when they couldn't afford it, writes Susan Gregory Thomas in Babble. OK, that may be "harsh and exaggerated," she notes. But from... More »

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divorce • yuppies • children • mortgage • housing • bank • Generation X • financial crisis • refinancing

 Mortgage-Rate Drop 
 Sets off Refinancing Rush 

The biggest rate drop in seven years sends homeowners to banks looking for deals

Nov 26, 08 8:30 AM CST
(Newser) - The biggest one-day decline in mortgage rates in 7 years set off a frenzy of refinancing yesterday, as homeowners who'd been waiting for a bargain jumped into the market. The nearly one-point decline was prompted by the Fed's $600 billion commitment to buy mortgage-backed securities, reports Bloomberg. "It's the... More »

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Federal Reserve • home sales • mortgage rates • financial crisis • refinancing

 GM-Chrysler Inch Closer to Deal 

Merger would create world's largest automaker

Oct 29, 08 1:57 PM CDT
(Newser) - General Motors and Chrysler have ironed out the major issues in their proposed merger, bringing the troubled giants a step closer to becoming the world's largest automaker. The deal's final form will depend on financing and government support—of which GM is requesting $10 billion—but both companies agree GM... More »

MORE ABOUT:
Chrysler • Cerberus Capital Management • government spending • General Motors • merger • Rick Wagoner • US automakers • refinancing

6 Stories


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