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BofA temporarily halts refi cash outs, Charlotte Business Journal reports
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Obama is sending Congress legislation that would allow homeowners to tap record-low borrowing costs, potentially boosting the housing market
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Between the Federal Reserve’s announcement that it will not raise interest rates until at least 2014 and President Obama’s mortgage refinancing plan , the government is trying to cripple the banking system, noted bank analyst Dick Bove told “The Kudlow Report” Wednesday.
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Anthony Ianniello from Ianniello, Anderson, Sciocchetti and Reilly PC talks about the weak housing numbers and what it means for those buying or selling.
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The president’s State of the Union proposal to have Congress approve a sweeping mortgage-refinancing program funded by a bank tax has little or no chance of passage, analysts say.
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