The Housing Crisis and a Fight-Back Program

"The current economic crisis has been building for years. At its root is the massive elimination of decent-paying jobs and lowering of wages in the U.S. and worldwide, a phenomenon explained and analyzed so well in the party’s newest book, “Low-Wage Capitalism.”The...

New Refinancing Plan From Ohio For Distressed Home Owners

"The Ohio Housing Finance Agency will issue $100 million in taxable municipal bonds in April as part of a refinancing program to help homeowners faced with foreclosure. The program, offered through OHFA's 185 lending partners throughout the state, will provide 30-year...

Mortgage Applications At Its 3-Month Highest

"With fixed mortgage rates falling to the lowest level in three months, applications for loans at major U.S. lenders rose to the highest level in three months last week, the Mortgage Bankers Association reported Wednesday. Total applications - including purchase loans and...

3 Factors To Consider When Thinking Of No Closing Cost Refinancing

"If you're considering refinancing your home, lenders that offer refinancing with no closing costs can be very appealing. Closing costs are required upfront, meaning you must pay them before the loan funds can be received. Lenders that offer no closing cost refinancing agree...

US Airways secures $1.6B in debt refinancing

"US Airways Group Inc. has reached an agreement with Citigroup Global Markets Inc. and Morgan Stanley Senior Funding Inc. to borrow up to $1.6 billion. The funds would allow the airline to refinance $1.25 billion of its senior secured debt and $325 million of unsecured...

When Does Mortgage Refinancing Really Pay?

""Since it costs money out of my pocket to refinance, how do I know whether or not I will end up saving money?" To save money, you must stay in your house longer than the "break-even period" – the period over which the interest savings just cover the refinance costs. The...

closeSign in to NowPublic

is reporting from