Black Knight says millions of borrowers still have time to refinance

New data from Black Knight shows that more homeowners took advantage of current low mortgage rates over the last year to refinance and save money. However, it said there are around 5.9 million homeowners who’re yet to do so. Black Knight defines a refinance candidate as any 30-year fixed-rate mortgage holder with a maximum 80%

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Report: Refinance is helping to prevent foreclosures

CoreLogic says its research shows that low mortgage rates are helping to keep elevated delinquencies in check. “Our analysis of CoreLogic public records shows that more than one-half of all home mortgage loans created since the onset of the pandemic have been no-cash-out refinance,” Frank Nothaft, chief economist at CoreLogic, told Mortgage News Daily. “By

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Obama May Reveal Mortgage Refinancing Plan Next Week

The Obama Administration is rumored to be about to reveal a new program for mortgage relief next week, in order to decrease foreclosure numbers and help homeowners stay in their homes, reports Reuters. Details of the new proposal remain a closely guarded secret, but the speculation is that President Obama is set to unveil a

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