This is the insane pool/patio video everyone is going crazy over

This is the insane pool/patio video everyone is going crazy over

Never expected our Facebook to blow up over one of these

Freddie Mac: Here are the top 5 improving metro housing markets

Not just L.A. and NYC

It’s official: Steve Horne out as Wingspan CEO

Jason Spooner takes over; Horne becomes senior advisor
W S
Lending / The Ticker

Plan to spur refinancing activity stalls on bank fears

/ Print / Reprints /
| Share More
/ Text Size+

White House efforts to encourage widespread refinancing activity to help underwater homeowners are not picking up as much speed due to risk-shy banks, Bloomberg-BusinessWeek reported.

The report suggests 2.3 million borrowers with loans backed by Fannie Mae and Freddie Mac are eligible for the government's expanded Home Affordable Refinance Program.

Yet, banks that are stretched to capacity may be reluctant to refinance due to fears that borrowers are too risky. By May, 78,000 homeowners with underwater mortgages underwent HARP refinancing. That is well under estimates of how many could qualify, the report says.

Click here to read more.

kpanchuk@housingwire.com

Recent Articles by HousingWire Staff

Comments powered by Disqus