Mortgage Refinancing Companies Links

Borrowers Face Big Delays In Refinancing Mortgages

In March, Mark Morrison says he was offered a 4.63% rate by his mortgage company, Ally Financial Inc., when he asked about refinancing. That would have resulted in monthly savings of just $87, before figuring ...

Obama Gives Congress 'To Do List' Topped By Jobs, Mortgage Refinancing

In another public effort to pressure Congress to act, President Obama plans to release a five-point list of legislative proposals favored by the White House.

Insight: Ally's mortgage unit problems come full circle

NEW YORK/CHARLOTTE, North Carolina (Reuters) - In the fall of 2009, the board of GMAC, one of the largest U.S. auto and home-loan companies, gathered in New York to discuss whether to put its troubled mortgage unit into bankruptcy. GMAC, now called Ally Financial, was just about to receive the last of $17 billion in taxpayer bailouts. The board, including directors named by the U.S. government ...

Prepare Yourself for a Slow Mortgage Closing

NEW YORK (MainStreet) -- Want to move into a new home by Labor Day? Sept 3, the deadline for many who want to be relocated by the start of school, seems like a long way off, but really isn't given the glacial pace of mortgage approvals. Many lenders are taking 90 days to approve loans. For the majority of applicants -- people who are refinancing -- that's just an inconvenience and minor expense ...

Senate Democrats push to ease home refinancing

WASHINGTON (Reuters) - Senate Democrats on Tuesday tried to drum up support for widening a government program that aims to help homeowners with government-backed loans to refinance. Although Democrats have expressed a desire to open the door to refinancing for more borrowers who owe more than their properties are worth, lawmakers have held back from writing a bill. Republicans remain leery of ...