Mortgage Applications Rise Over 20%
March 19, 2009 by Alan · Leave a Comment
With rates at a low, wise buyers and home owners are both seeking to either snap up some outstanding deals or simply refinance and increase their effective income. “Raw mortgage application volume rose 21.2 percent for the week ending March 13, according to a survey published Wednesday by the Mortgage Bankers Association. It was the [...]
Obama Unveils Plan to Stem Foreclosures
February 19, 2009 by kcolgin · Leave a Comment
President Barack Obama rolled out a bold $75 billion, three-part plan Wednesday to halt the soaring rate of mortgage foreclosures nationwide, one that seeks to encourage refinancing of homes now worth less than their mortgages and provides incentives for lenders to lower the debt load on struggling homeowners. The Homeowner Stability Initiative, which Obama unveiled [...]
