Mortgage Foreclosure & Refinance Resource

The House of Representatives on Tuesday voted to kill President Barack Obama’s signature program to help struggling homeowners avoid foreclosure. A bill to terminate the program was approved on a 252-170 vote. But the bill is unlikely to clear the Senate. It was the last in series of four measures brought forward by newly empowered [...]

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JPMorgan Chase and Citigroup are halting home foreclosures while the Obama administration develops its plans to help the battered American housing market. JPMorgan’s chief executive, Jamie Dimon, said the bank planned plans to halt new foreclosures for owner-occupied home loans through March 6. Mr. Dimon made the pledge in a letter to Representative Barney Frank, [...]

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Republican lawmakers want a fiscal stimulus bill of nearly $900 billion to include a provision that would drive down mortgage rates to as low as 4 percent in an effort to jumpstart the moribund housing market. The plan would shave more than a percentage point off the current 5.1 percent rate on a 30-year mortgage, [...]

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