Millions Shut Out of Mortgage Refinancing

Posted on: Fri, 09/23/2011 - 17:15

TrustPoint

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Millions Shut Out of Mortgage Refinancing

About 2.3 million homeowners could have refinanced their mortgages last year if they didn't owe more than their homes were worth or if lending standards weren't so strict, according to a Federal Reserve study released Thursday.

It proves that the banking industry is its own worse enemy. Read the whole story here:

http://www.cnbc.com/id/44637786

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by TrustPoint
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Posted on: Fri, 09/23/2011 - 17:34 #1

reinvestor42

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house is worth even less now

plus they've been living on credit, had ARM's, and NOT living on a budget....kinda sounds like the govenment huh?

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Millions Shut Out of Mortgage Refinancing

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