Refinance | featured news

U.S. President Barack Obama is urging the Republicans in Congress to pass legislation that would help responsible homeowners refinance their mortgages at historically low rates.

Seeking to make Congress a major issue in his re-election bid, President Obama called on lawmakers today to pass a bill designed to help struggling homeowners re-finance their properties.

Obama is expected to announce a fresh bid to revive the housing market—despite likely congressional opposition—by letting millions of homeowners refinance their mortgages.

Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.

How big a whack did your credit score take during the grim years of economic distress following the housing bust? Was it 20 points, 50 points, 100 points — or maybe no drop at all? These are key questions affecting millions of potential home buyers who hope to qualify for mortgages as well as current owners looking to refinance. New research from a major credit-risk evaluation company suggests that the drop in huge numbers of Americans’ scores was dramatic.

2012 looks to be another year of opportunity for the few who can afford to buy or refinance a home.

On recent initiatives, President Obama used his executive authority rather than seeking legislation... During a three-day Western trip that ended Wednesday, Obama announced initiatives that could help 1.6 million college students repay their federal loans, 1 million homeowners meet their mortgage payments, and 8,000 veterans find jobs.

A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners whose homes are worth less than their mortgage.

Talks between states and top banks over mortgage abuses are nearing agreement on a major sticking point that has bogged down settlement negotiations for more than a year.

The Obama administration is considering a program to let millions of homeowners refinance at today’s rates.