Sentence examples for expand refinancing from inspiring English sources
And efforts to expand refinancing options will help only those borrowers who have enough equity to refinance.
While Mr. Obama was able last fall to expand refinancing options by executive order, and more recently to similarly reduce refinancing fees, the White House said further steps to make home financing easier would require Congress to act on legislation recently introduced by Democrats in the Senate.
A year ago, DeMarco agreed to expand refinancing options for some underwater borrowers, but the program has made little progress.
But the administration frequently responds to criticisms of its foreclosure record by highlighting the number of families helped by its Home Affordable Modification Program, its efforts to expand refinancing programs to underwater borrowers and a $25 billion settlement with the nation's largest mortgage operators.
(See "Prices Stabilize, But Housing Trouble Still Looms").. "By expanding refinance eligibility, we can bring relief to more struggling homeowners more quickly," said Treasury Secretary Tim Geithner.
Among his proposals is a call for expanding refinancing eligibility for homeowners who do not have government-backed mortgages.
Some of what he proposed, such as expanded mortgage refinancing, in a sense merely tie a new ribbon around previous schemes that did not go forward.
Third, don't hold shares of companies that will need cash to expand or refinance.
The modest proposal this week to expand the refinancing program emerged from months of deliberations.
Proposals to expand government refinancing schemes further or to have taxpayers absorb losses for writing down mortgage balances for underwater borrowers might help some additional people at a cost to taxpayers, but they would have been more effective back in 2009 and 2010, when the foreclosure crisis was truly raging.
The Bush administration has been developing a similar plan of its own that would expand an existing refinance program called F.H.A. Secure.
