TITLE

Refi Changes, HARP Expansion Blueprint Clues Emerge

AUTHOR(S)
Dymi, Amilda
PUB. DATE
October 2011
SOURCE
Mortgage Servicing News;Oct2011, Vol. 15 Issue 10, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the refinancing program, an expansion of the Home Affordable Refinance Program (HARP), that intends to reduce monthly mortgage payments. Insiders argue on the program's future and cost burdens on borrowers, investors and the government. According to Ed Pinto of American Enterprise Institute for Public Policy Research, the program do not address the problem on negative equity.
ACCESSION #
66652700

 

Related Articles

  • AEI's Pinto points to signs of deterioration in FHA's financial condition.  // Mortgage Banking;Jan2012, Vol. 72 Issue 4, p10 

    The article presents the observations of the American Enterprise Institute (AEI) housing expert Ed Pinto on the financial condition of the U.S. Federal Housing Administration (FHA) insurance fund, such as the increase in the delinquency rate which indicates future claims problems.

  • 'Targeted' Refis for Underwater Borrowers. Dymi, Amilda // National Mortgage News;7/30/2012, Vol. 36 Issue 43, p1 

    The article reflects on Edward Pinto, American Enterprise Institute resident fellow, seeking modifications of government-sponsored enterprises loan for severely underwater borrowers. He says that targeted refinancing should be given to them which include reducing the loan interest rates and...

  • Refi Pace Strong Despite 'Burnout' Cornwell, Ted // Mortgage Servicing News;Sep2001, Vol. 5 Issue 7 

    Reports the revival of refinancing activity amid exhaustion of resources in the United States. Significance of refinancing in the increase of loans; Identification of types of customers engaged in refinancing; Benefits of equity and low-cost refinancing options on refinancing incentives.

  • Refinancing a home: Pros and cons. Bodner, David // Toledo Business Journal;Jun2009, Vol. 25 Issue 6, p17 

    The article discusses the advantages and disadvantages of home mortgage refinancing in the U.S. It states that refinancing can result to lower monthly mortgage payment, can shorten mortgage payoff terms and enables homeowner to cash out some of home equity. However, it suggests that before...

  • MORTGAGE ROULETTE. Markels, Alex // U.S. News & World Report;8/7/2006, Vol. 141 Issue 5, p50 

    This article looks at different mortgage options for home buyers in the U.S. For those who don't have the cash for the standard 20% down payment and don't have the income to qualify for the best rates on conventional fixed-rate loans, there's the 80-20 loan package: an interest-only mortgage...

  • Homeowners taking advantage of plummeting interest rates. Fitting, Beth // Business Journal (Central New York);03/09/2001, Vol. 15 Issue 10, p9 

    Reports on a survey by MortgageIT on home refinancing and equity loans in Central New York. Rising number of homeowners planning to refinance their mortgages due to declining interest rates; Acquisition of home-equity loans to finance other purposes; Percent of respondents planning to obtain...

  • Market prepares for small HEL refi wave, as conventional rates plunge. F.M. // Asset Securitization Report;1/8/2001, Vol. 1 Issue 1, p2 

    Reports on the first expected major refinancing period in the U.S. since November 1998. Decreased sensitivity of home equities to interest rates; Prepayment penalties attached to subprime mortgages; Expiration of some two- and three-year penalties for loans originated in 1998 and 1997.

  • Can Refi Boom Go On? Cornwell, Ted // Mortgage Servicing News;Mar2002, Vol. 6 Issue 2, p1 

    Reports developments on the refinancing activity of mortgage loans in New York. Impact of cash-out refinancing and home price appreciations on refinancing; Effects of dotcom and technology sectors on mortgage home prices; Significance of equities for homeowners.

  • What's Wrong with Bad Credit? Coyle, Tom // America's Community Banker;Sep99, Vol. 8 Issue 9, p42 

    Presents the results of the 1999 National Housing Survey conducted by Fannie Mae. Number of Americans who understand that failure to pay bills on time would be a major problem in qualifying for a mortgage; Percentage of Americans who would turn to the Internet as a channel for financing or...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics