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Monthly Archives: November 2011

HARP 2 Refinance Plan A Boost To Borrowers, Banks

The government’s expanded refinance program for underwater homeowners, dubbed HARP 2, looks better than expected for both borrowers and banks. The Obama administration announced the broad outlines of the plan on Oct. 24. Fannie Mae and Freddie Mac filled in most of the details in guidance bulletins issued late Tuesday. The new program greatly reduces Read More

How To Figure The Fuzzy Math Of Internet Home Values

Jason Gonsalves worked hard to turn his 6,500-square-foot stucco-and-stone home in the suburbs of Sacramento into the ultimate grown-up party pad, complete with game room, custom wine cellar and an infinity-edge pool overlooking Folsom Lake. When interest rates fell recently, Mr. Gonsalves, who runs a lobbying firm, looked into refinancing his $750,000 mortgage. That’s when Read More