Refinancing mortgage often smart even if you have to pay
Tuesday, March 15th, 2011At the height of the housing boom, refinancing was doubly rewarding: You could lower your monthly payment and extract some cash to spiff up the kitchen.
Fannie, Freddie, and the mortgage addiction
Monday, March 14th, 2011Since the mortgage market can’t suddenly wean itself off government-supported Fannie Mae and Freddie Mac, some experts want more federal intervention. They’re wrong.
Only Congress Can Spark `Nuclear’ Mortgage Refinancing Wave, JPMorgan Says
Monday, March 14th, 2011Investors should continue buying mortgage bonds tied to U.S. home loans because they are unlikely to suffer a wave of refinancings that would cut yields, according to JPMorgan Chase & Co.
Citi Braces for Mortgage Buybacks
Sunday, March 13th, 2011Citigroup’s (C_) third-quarter mortgage repurchase reserves jumped by 30% from the previous quarter — to $952 million — which was also more than triple what the the bank had reserved during the same period last year.
Save Money By Paying More On Your Mortgage
Sunday, March 13th, 2011Buying a home is everyone’s dream, and it’s very common for people to take on 30-year loans to make that dream come true. Taking on 360 months worth of payments requires a large commitment, especially since most of the money you pay in the beginning is going toward interest.
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