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How to Work Out of the Long and Painful Debt Deleveraging Process - The Market Oracle

How to Work Out of the Long and Painful Debt Deleveraging Process The Market Oracle That's because home equity loans and cash-out refinancing, which from 2003 to 2007 let US consumers extract $2.2 trillion of equity from their homes—an amount more than twice the size of the US fiscal-stimulus package—will not be available. and more »

Bank of America halts refi operation, says move is temporary - Tampa Bay Business Journal (blog)

Forbes

Bank of America halts refi operation, says move is temporary Tampa Bay Business Journal (blog) The new policy went into effect last week, and the Charlotte-based bank has suspended all mortgage refinancing activity that allows homeowners to convert equity in their homes to cash, sister newspaper the Charlotte Business Journal reports. Bank of America Temporarily Halts Refinance Cash Outs (BAC)Financial News Network Online all 275 news articles »

Another Mortgage Shoe Drops at B of A: No Cash-out Refis - Bank Technology News

Another Mortgage Shoe Drops at B of A: No Cash-out Refis Bank Technology News Bank of America mid-week told its retail loan officers nationwide that the lender will halt, for now, originations of cash-out refinancings, citing what it calls a "surge of refinancing activity" and capacity problems. To continue, please log in, ...

Real estate: 5 reasons to get a new mortgage in 2012 - San Jose Mercury News

Business Insider

Real estate: 5 reasons to get a new mortgage in 2012 San Jose Mercury News Taking out cash isn't free money. In fact, a cash-out refinance increases your debt, which is "just not wise today," says Alfred McIntosh, principal of McIntosh Capital Advisors, a financial planning firm in Los Angeles. Co-signing a home loan for ... Mortgage demand fell at year-end, purchases sagReuters all 72 news articles »

$25B nationwide mortgage deal goes to states - CBS News

The Guardian

$25B nationwide mortgage deal goes to states CBS News In my experience, and I have a lot of it, no one who purchased a home without putting down at least 20% or refinanced and took cash out going over 80% of the home's value can necessarily call themselves a victim. That was a calculated risk on an ... Mortgage deal between banks, states on holdSan Francisco Chronicle all 436 news articles »