3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket
W S
Lending / The Ticker

Representative Welch introduces refi bill in the House

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

Continuing to the House of Representatives last Thursday, Representative Peter Welch (D-Vt.) introduced a refinancing support bill in the House. It has yet to be assigned a number.

U.S. Senators Robert Menendez (D-N.J.) and Barbara Boxer (D-Calif.) reintroduced similar legislation to allow more homeowners to refinance their mortgages, under certain caveats.

In a release from Menendez staff, an estimated 12 million Fannie Mae and Freddie Mac homeowners would be able to refinance to lower rates.

Under the S. 249 bill, borrowers would see reduced refi fees, and no cost for appraisals. HARP would be extended by one year past its current expiration on December 31, 2013.

Recent Articles by HousingWire Staff

Comments powered by Disqus