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DealBook » Why Did Freddie Mac Oppose Refinancing Mortgages?
The supply of mortgage-backed bonds is also drying up because fewer people are refinancing mortgages.
Shadow banks gained a larger market share among less creditworthy borrowers, with a tilt towards refinancing mortgages.
The administration should work to ease the rules for refinancing mortgages that are owned by Fannie Mae and Freddie Mac.
To those who object that refinancing mortgages one at a time is too slow, Mr. Obama should have two replies.
Some of them, who had depended on refinancing mortgages to provide cash to spend, had no choice but to reduce spending.
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There's a simple reason that there have been 300 refinancings for every permanent modification: Banks know how to refinance mortgages.
Applications to refinance mortgages plummeted.
Homeowners with a decent deposit can refinance mortgages at 1.75%, saving the average household £1,860 a year.
With interest rates dropping last year, many people refinanced mortgages to get the lower rate.
Many people who refinance mortgages, of course, do so simply to lower their house payments.
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