refinanced mortgages – News Stories About refinanced mortgages - Page 2

Oct 31, 2008 7:43 AM CDT

Rescue Plan Rankles Prudent Homeowners

Those who can pay mortgages feel cheated as neighbors get aid

(Newser) - As the feds move ahead with a plan to help homeowners on the brink of foreclosure, others are questioning the scheme's fairness and wondering if it's ripe for abuse, the New York Times reports. “I am beginning to think I would have rocks in my head if I keep...

Mortgage Deal Close in Senate

May 15, 2008 1:11 PM CDT

Mortgage Deal Close in Senate

Bipartisan bill would expand insurance for refinanced loans, boost feds' oversight

(Newser) - A Senate committee is close to agreeing on expansion of a government insurance program for refinanced mortgages, the Wall Street Journal reports. Though ridden with partisan conflict as recently as a week ago, staff for Democrat Chris Dodd and Republican Richard Shelby said today the sides were nearing a compromise,...

Bernanke: Homeowners Need More Help

Mar 4, 2008 9:29 AM CST

Bernanke: Homeowners Need More Help

Fed chief calls for writing down problem mortgages' principal

(Newser) - Ben Bernanke says homeowners need more help, and that help might include writing down the principal on some problem loans, reports the Wall Street Journal. "Efforts by both government and private-sector entities to reduce unnecessary foreclosures are helping, but more can, and should, be done," the...

Americans Falling Behind on Credit Cards

Dec 23, 2007 10:35 PM CST

Americans Falling Behind on Credit Cards

Amount overdue on US accounts surged 26% in October

(Newser) - It’s already looking like an iffy New Year for many credit-card holders: the number of Americans falling behind on their payments spiked sharply this year and analysts don’t expect 2008 to be much brighter. The value of credit card accounts at least 30 days late surged 26% in...

Senate Votes
to Aid At-Risk Homeowners

Dec 14, 2007 4:44 PM CST

Senate Votes to Aid At-Risk Homeowners

Bill, approved 93-1, would allow feds to back refinanced loans

(Newser) - In an attempt to quell the ongoing housing crisis, the Senate approved a bill today that would allow the Federal Housing Administration to back refinanced loans for the thousands in danger of defaulting on mortgages. The bill, which passed 93-1, also repositions the FHA as an attractive alternative to subprime...