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Refinancing applications reportedly overwhelm BofA

Bank of America, struggling to handle mortgage refinancing after a U.S. program boosted demand, is telling some customers to wait 90 days before starting an application, said two people with knowledge of the policy.

BofA Puts Off Refinancing Clients

Bank of America Corp., facing increased demand for mortgage refinancing amid government efforts to help struggling homeowners, is telling some customers to wait 90 days, said two people with knowledge of the policy.

Obama presents mortgage refinancing plan

Washington, Feb 2 (IANS/EFE) President Barack Obama Wednesday presented a plan to revitalize the US real estate market that would allow millions of homeowners to refinance their mortgages and take advantage of the current historically low interest rates.

BofA stalls refi work, others open

NEW YORK -- Bank of America, struggling to handle mortgage refinancing after a U.S. program boosted demand, is telling some customers to wait 90 days before starting an application, said two people with knowledge of the policy.

Mortgage rates inch up from record lows

Mortgage rates inched up from record lows this week after signs of improvement in the employment market. Borrowers who are eligible to refinance have kept lenders busy as the homeowners try to take advantage of the historically low rates.