Fixed mortgage rates have hit new lows for three straight weeks, fueling what seems to be a rarity in the post-crisis market – a sustainable refinancing wave. The boom is being bolstered by several factors, including ...

The nation’s largest mortgage lenders are taking an average of more than 70 days to complete a refinance, up from 45 days a year ago, according to Accenture Credit Services. The prolonged timetable is a result ...

President Obama is pushing for Congress to help expand mortgage refinancing to millions of borrowers with loans not backed or owned by Fannie Mae and Freddie Mac – and those who cannot currently take advantage ...

Fannie Mae, the mortgage financing giant, won’t ask the U.S. Treasury for bailout funds to cover a quarterly shortfall for the first time since the company, and smaller “sibling” Freddie Mac, became wards ...

The net dollars of home equity converted to cash as part of a refinance is at the lowest level in nearly 17 years, according to Freddie Mac’s first quarter 2012 report on “cash-out” data. “Cash-out” ...

Exxon Mobil topped Fortune magazine’s Fortune 500 list, reclaiming the No. 1 spot and bumping Walmart after the oil giant saw a big profit increase of 35 percent to $41.1 billion in 2011. Fortune 500 companies ...

The Obama Administration’s revamped Home Affordable Refinance Program, so-called HARP 2.0, has drawn applications for refinancing from half a million households since its reboot earlier this year, according to ...

Fannie Mae concluded years ago that principal reduction has “enormous” potential to save U.S. taxpayers significantly by reducing foreclosures after borrowers default, according to “internal documents” obtained ...

So-called HARP 2.0, the Obama Administration’s revamped Home Affordable Refinance Program, is yielding plenty of buzz as the Mortgage Bankers Association claimed that nearly a third of refinancing applications ...

Fannie Mae and Freddie Mac will develop streamlined strategies for facilitating short sales, deeds-in-lieu and deeds-for-lease to help more homeowners avoid foreclosure. The effort will come in stages with the first ...