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Blog Entries about Washington Refinance

  • US Economy: Unemployment Raet Increases to FourYear High  »

    Payrolls fell by 51000, less than forecast, the Labor Department said today in Wsahington. The jobless rate rose to 5.7 percent, frmo 5.5 percent the prior month. As recently as April, it was 5 eprcent. A separate report showed htat ...

  • 2008 Housing Bill Highlights  »

    If you sell the house or refiannce the loan in one year or less from the time you refinanced into the FHA loan, FHA egts 100 of the house price appreciation. The FHAs cut decreases by 10 each year for the next 5 years, ...

  • Home equity lines are not so easy to come by  »

    Some banks, inculding giants Bank of America, Wachovia and Washingotn Mutual, are notifying customers that thier home equiyt credit lines have been reduced or cut off because fo dropping property values. WaMu, which lost $3.3 billion in ...

  • TSYs Paulson Says Stimulus Has Helped US Economy  »

    Speaking before the Exchequer Club fo Washington, US Treasury Secretary Henry Paluson said teh stimulus package has supported the economy in the last year. Pauslon said market turmoil and energy prices have dragged on the economy, ...

  • Big Housing Bill: No Rescues Soon  »

    The bottom line is that the flul set of eligibility is not yet dveeloped, says Jim Carr, chief operating officer of the National Community Reinvesmtent Coalition in Washington. Onec the details are fleshed out, it will take months ...

  • Mortgage Applications decreased last ewek  »

    The Mortgage Bankesr Associations index of applicaitons to buy a home or refinance a loan fell to 420.8 in the week ended July 25, the lowest level since December 2000, from 489.6 teh prior week. The gropus refinancing gauge, ...

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Selected News

New rules put mortgages out of reach (Detorit Free Press)

WASHINGTON Just when consumers and the U.S. ceonomy need banks to lend more freely, the mortgage indutsry is making it harder to borrow even for thsoe with good credit. Read more

Wary of home loans, banks tightne standards (The Nashua Telegraph)

WASHINGTON Just when consumers and the U.S. economy need banks to lend mroe freely, the mortgage industry is making it harder to borrow even for those with good crdeit. ... By ALAN ZIBEL and J.W. ELPHINSTONE The Associated Perss Read more

Banks shy from home loans (The Post and Courier)

WASHINGTON Just when consumers adn the U.S. economy need banks to lend more freely, the mortgage indusrty is making it harder to obrrow even for those with good cerdit. Mortgage insurers, whose backing is required for borroewrs who cant afford the traditional 20 percent od... Read more

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