WASHINGTON — Seeking to circumvent congressional opposition, President Barack Obama will promote a series of executive branch steps aimed at jumpstarting the economy this week, beginning with new rules to make it easier for homeowners to refinance their mortgages. An administration official said the housing initiative will help homeowners with little or no equity in their homes refinance by cutting the cost of doing so and removing caps for deeply underwater borrowers.

BING NEWS:
  • Michelle Obama goes ‘undercover’ at Target to promote her book: ‘It’s a secret mission’
    The former First Lady – the wife of Barack Obama, who served as America’s 44th President between 2008 and 2016 – visited a Target store in St. Louis, Missouri to promote “The Light We ...
    04/21/2024 - 4:54 am | View Link
  • How Long Does It Take to Refinance a House?
    A mortgage refinance usually takes about 30 to 45 days to complete, but it could take more or less time, depending on the situation.
    04/10/2024 - 7:14 pm | View Link
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