Plan would relieve homeowners with underwater mortgages
States have until the close of the business day to agree to the latest draft deal aimed at relieving homeowners struggling with mortgages bigger than their home's value.
Obama Answers Bernanke Plea With Refinancing Plan: Mortgages
President Barack Obama answered Ben S. Bernanke’s appeal for more action to fix the U.S. housing market that’s restraining the economic recovery by proposing a plan to help borrowers reduce their monthly mortgage payments.
Labor groups blast Brownback over tax plan, several other bills
But Brownback, in an event with the Kansas Chamber of Commerce and other business groups, defended his proposal.
MetLife Exits Forward Mortgage Business
MetLife, Inc. announced today that it is exiting the business of originating forward residential mortgages. MetLife Home Loans, the residential mortgage division of MetLife Bank, N.A., will no longer accept new loan applications for forward mortgages.
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Inside the world of business
Mass Refi Plan Would Hit Pensions While Easing Mortgage Payments
Like many homeowners, Vicky Kovari and her husband want to refinance their mortgage. A lower interest rate would save them hundreds of dollars a month -- and it would cost them, too.