The News Review:
- IRS to give break to distressed homeowners
- Ready to Refinance or Waiting It Out? Set Your Target Mortgage …
- Mortgage Lender Residential Finance Corp. Announces Latest Promotions
- What the Fed rate cut means to you
- Time to Refinance that Mortgage?
- 10-year bond yield drops 23 basis points; moves could cut mortgage …
IRS to give break to distressed homeowners
San Francisco Chronicle USA
tmpl –> The agency said on Tuesday that it will speed up the process of “subordinating” federal tax liens – basically moving them down the line so the primary mortgage holder can take precedence. Otherwise such liens could block the process of refinancing or restructuring a loan. “For taxpayers trying to refinance their mortgage the existence of a tax lien generally means the new lender will not go through with the refinancing” said IRS Commissioner Doug Shulman in a conference call with reporters. “The IRS is ready to help taxpayers who find themselves in these situations. Where we can subordinate our lien to help a family win that new refinanced mortgage it may mean they can stay in their homes. Similarly a tax lien could prevent people from selling a home in which they have no equity because the buyers would not be able to get a mortgage with the lien in place.
Ready to Refinance or Waiting It Out? Set Your Target Mortgage …
MarketWatch
16 2008 SAN ANTONIO Dec 16 2008 (BUSINESS WIRE) –Just this month The New York Times reported that mortgage rates are expected to fall to the mid-4% range and a refinancing boom won’t be far behind (A Rush Into Refinancing as Mortgage Rates Fall). MortgageRateNotifier. com wants Texas homeowners to be ready when that happens with its free mortgage rate notification service. How It Works Tell us your target rate on a 30-year fixed mortgage. Tell us how you want to be notified.
Mortgage Lender Residential Finance Corp. Announces Latest Promotions
MarketWatch
residentialfinance. residentialfinance. com) a nationwide mortgage lender specializing in refinance today announced its latest round of promotions as the company continues to expand operations.
What the Fed rate cut means to you
New York Daily News NY
“The risks of rates increasing far outweigh the chance that rates will go lower” Kuiper says. “If it makes sense today go for it. Loser: Homeowners in special circumstancesAlthough mortgage rates are sinking certain groups of homeowners hoping to refinance may be on the outside looking in. Homeowners who are underwater on their mortgages or who have credit scores under 680 are likely to have a very difficult time refinancing says.
Time to Refinance that Mortgage?
WallStNation.com WA
Many people however appear determined to wait for a rumored further rate cut. The Mortgage Bankers Association reported last week that its index of refinance applications has tripled. It’s the largest increase since 1990 when the organization began tracking the numbers. How low can rates go? Who knows but should they continue to drop refinance again.
10-year bond yield drops 23 basis points; moves could cut mortgage …
MarketWatch
The central bank’s commitment to lowering mortgage rates likely spurred buying of 10-year and 5-year Treasury notes Spinello said. As mortgage rates drop and people refinance out of existing mortgages dealers in mortgage-backed securities often replace those loans by buying Treasurys of similar origin. Also helping bonds Tuesday a report showed U. consumer prices plunged 1. 7% in November the fastest pace since 1947.
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