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Jim Woodard

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Refinance program price cuts could help millions (access required)

On March 6, the acting federal housing commissioner announced significant price cuts to the Federal Housing Administration’s Streamline Refinance Program. The cuts could benefit millions of borrowers whose mortgages are currently insured by FHA. Beginning June 11 of this year, ...

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Big demand for bigger mortgages (access required)

Applications for large mortgages are exceeding the number for modest mortgages in today’s market. Mortgage bankers funded $26.6 billion of jumbo loans during the third quarter of last year. That’s a 30 percent gain from the same period during the ...

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