August 8, 2012 (Jeff Alan) The number of American’s who refinanced their first lien mortgage in the second quarter of 2012 and either maintained the same balance as their previous loan or who paid down their principal balance was at a 27-year high according Freddie Mac’s Second Quarter Refinance Analysis. […]
May 31, 2012 (Jeff Alan) American’s who refinanced their first lien mortgage in the first quarter of 2012 continued to take advantage of historically low interest rates and strengthen their financial balance sheets according Freddie Mac’s First Quarter Refinance Analysis. […]
February 3, 2012 (Jeff Alan) Almost half of all homeowners who refinanced their fist lien mortgage in the fourth quarter of 2011 reduced their principal balance according Freddie Mac’s Fourth Quarter Refinance Analysis. […]
November 8, 2011 (Jeff Alan) The amount of cash that borrowers who refinanced their mortgages took out against their home’s equity was at the lowest levels in 16 years according to Freddie Mac’s third quarter refinance analysis. […]
August 4, 2011 (Jeff Alan) Falling home values have left home equity piggy-banks pretty empty as of late. According to a recent report by Freddie Mac, the total amount of cash that borrowers who refinanced their first-lien mortgages took out of their homes was less than 10 percent of the total amount of cash that [...]
March 7, 2011 (Jeff Alan) According to the Federal Housing Finance Agency’s (FHFA) Foreclosure Prevention and Refinance Report, the number of loan refinancings processed through the government's Home Affordable Refinance Program (HARP) grew by 30 percent in the fourth quarter of 2010. A total of 57,000 mortgages were refinanced under the government program during the [...]
January 7, 2011 (Shirley Allen) You hear a lot about short sales these days, but short sales aren’t for everybody. Sellers aren’t entitled to a short sale just because they’ve lost equity in their home. Lenders look for other hardships when approving short sale transactions. Short sales are not the "saving grace" some home sellers [...]
December 2 2010 (Chris Moore) According to JPMorgan, which tracks U.S. mortgages held by major lenders including Freddie Mac and Fannie Mae, nearly 40 percent of homeowners are still paying 6 percent or more on their mortgages. Read more...
November 27, 2010 (Jeff Alan) It’s hard not to get caught up in all the negative news about the housing market and the mortgage loan business today. It seems like all we hear about is underwater home loans and foreclosures. You’d almost think that every American has negative equity or that no one can qualify [...]
