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Barry Habib, Residential Finance Corporation Executive, Proposes Housing ...
MarketWatch (press release)
Borrower cannot sell the home for three years after entering the program. -- Zero to minimal contribution from the federal government. While there are many loan programs and ideas that address the foreclosure problem, this proposal actually addresses ...

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Mortgage Application Volumes Dip in US in Mid-February
World Property Channel
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending February 17, mortgage applications decreased 4.5 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application ...
Mortgage Application Volume Falls 2.5%Wall Street Journal

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Why Renters Rule U.S. Housing Market (Part 1): A. Gary Shilling
San Francisco Chronicle
Furthermore, banks are reluctant to refinance loans that Fannie Mae and Freddie Mac then guarantee and put back to the lenders if they find any defects. The White House plan is a tough sell. As banks deleverage and mortgage activities increasingly ...

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FHA to Wean Fannie, Freddie Off Gov't
The Fiscal Times
The result would be a single mortgage-backed security issued by the GSEs, replacing the method Fannie and Freddie use to pool loans into packages and sell them to investors. Currently, the GSEs buy loans from lenders and bundle them as securities for ...

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Charter Oak FCU Named Mortgage Leader
Credit Union Times
The CU attributed its success in part to a large range of mortgage options and announced it would start making loans backed by Federal Housing Administration insurance on Feb. 1. These FHA-backed loans allow smaller down payments and more flexibility.

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Siouxland banks stay busy with mortgage refinancing
Sioux City Journal
The loans have an interest rate that is tied to an index, which changes with the market. Federal Housing Administration-backed loans can be easier to qualify for than a traditional fixed-rate mortgage. FHA loans require a down payment of 3.5 percent, ...
30-Year Fixed Rate Mortgages Losing Favor With Homeowners; 15-Year Fixed GainingThe Mortgage Reports
Midweek Mortgage Rates: Wells Fargo Refinances Among Daily BestNews Sizzle
Current Mortgage Rates for Tuesday, February 21, 2012Mortgage Rates & Trends (blog)

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30-Year FHA Loans From 3.625%
Mortgage Rates & Trends (blog)
If you have a strong credit history and a consistent source of income, you may be able to qualify for an FHA-insured mortgage. Today, Total Mortgage is offering rates on 30-year fixed loans starting at a rate of 3.625* with an APR of 4.975%.
Mortgage Rates: Low Mortgage Rates Stable After Greece Austerity Deal SignedFreeRateUpdate.com
How to Get the Lowest Mortgage Rates in 2012 [Survey]Home Buying Institute
A Guide to Refinancing Your MortgageThe Dough Roller
HSH Financial Publishers (blog)
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Obama's refinancing plan contains elements that don't need approval by Congress
Washington Post
The fear of getting a poor rating is a powerful deterrent for many lenders against doing streamlined refis because they can lose their eligibility to do loans for the FHA altogether. Removing ratings as a barrier should help significant numbers of FHA ...
Mortgages Likely to Change HandsLoanSafe
Obama Says Mortgage Deal Turns Page On 'Recklessness'ABC News (blog)
Opposing view: Obama's housing plan more of the sameUSA TODAY
U.S. News & World Report -Habitat magazine
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Mortgage Bonds Recover; Investors Discount Obama Refinancing Plan
Fox Business
NEW YORK – Mortgage bond investors expressed skepticism Wednesday over the latest White House proposal to refinance millions of additional US home loans, and stepped cautiously back into securities most likely to be affected by the effort.
Mortgage Relief Plan Aims at RefinancingNew York Times
More Mortgage Relief From The White House -- But Congressional OK DoubtfulLoanSafe
Why Fannie and Freddie are Hesitating to Help HomeownersProPublica
FreeRateUpdate.com -HNN Huntingtonnews.net -Minneapolis Star Tribune
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Obama Seeks Refinancing Aid to Lift Housing
Wall Street Journal
The plan aims to help borrowers who are current on their mortgages refinance into lower-interest federally insured loans. Borrowers would qualify even if they owe more than their homes are worth or if they have trouble securing a new mortgage from a ...
Obama Proposes New Home Loan Refinancing PlanWCTI12.com
White House proposes aid for underwater homeownersSan Francisco Chronicle
Obama goes to Congress with housing plan that would help more borrowers ...Washington Post
Patch.com
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