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Tag: refinance

Refinancing for Cash? Join the crowd!

cash out refinance

In 2021, more Americans have taken cash from cash-out refis than any time since the Financial Crisis of 2008. U.S. homeowners cashed out a record $152.7 billion in home equity last year, up from 42% since 2019 and the most since 2007, according to mortgage giant Freddie Mac. Why the uptick? The pandemic has certainly brought challenges to us all. […]

Is this a Once in a Lifetime Opportunity to Refinance Right Now?

Is this a Once in a Lifetime Opportunity to Refinance Right Now?

Mortgage rates have fallen to their lowest rates in modern U.S. history this past week due to the fears that the coronavirus is weakening the U.S. economy. Usually, lowering mortgage rates stimulates home sales.  However, with “breaking news” daily reporting a worsening coronavirus epidemic may ultimately lead to home buyers staying at home rather than actively going out to look […]

“Interest”-ing: Low Rates and Refinancing

Thu Aug 8, 2019 by on Loan Modification

“Interest”-ing: Low Rates and Refinancing

Trade Tensions and Stock Scares: In yet the latest escalation of trade tensions between China and the United States, this past weekend President Trump announced America will impose a 10% tariff on $300 billion of Chinese goods and China responded by suspending its purchase of US agricultural products and lowering the value of the yuan, its currency, to its weakest […]

Shaun Donovan, Refinancing, and the 900 lb. Gorilla

Tue Jun 19, 2012 by on Roy Oppenheim

After I wrote my little letter to the President, I wondered what kind of response I would get and perhaps more importantly, whether my message would reach its intended audience….if any. Well the response to the blog, from my clients and from my blog readers, was instantaneous. Clearly I’m not alone in my thinking. I may not have received an […]

An Open Letter To President Obama

Wed Jun 13, 2012 by on Florida Law News

Dear Mr. President: As you know historically, since the great depression, refinancing mortgages has been this country’s exit strategy when it comes to pulling us out of the economic ditch. So it’s nice to see that you are now pushing Congress to pass refinancing reform. It’s the most effective and efficient way to craft a bailout that actually helps everyone. […]

Week In Review: DeMarco Doesn’t Get It; Scheiderman Sues Banks over MERS; Swiss Bank Charged with Tax Evasion

Fri Feb 3, 2012 by on Florida Law News

Freddie Mac’s Regulator ‘Completely Puzzled’ by Allegations of Conflict If Edward DeMarco is puzzled by the outrage over the revelation that Freddie Mac was investing in securities that paid off if homeowners couldn’t refinance, then call us puzzled by his puzzlement. Either he’s a bold-faced liar or he is just plain dense. Does he really not get it? DeMarco, the […]