HousingWire reveals the 50 fastest-growing companies in housing economy

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Chinese investors remain an X Factor for the US housing market

So what does this mean for homeowners and buyers?

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
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