Banks expect to reap up to $12 billion in revenue this year as a result of participating in the revised government refinancing program for 'underwater' homeowners.
One applicant has $2.5 million, the other an 826 FICO score. But they still can't refinance their mortgages. Fortunately, solutions exist.
Meanwhile, bidding wars are erupting in some cities, and human judgment makes a comeback as lenders look for ways to safely approve more mortgages.
Central to this question is how long you plan to stay in your home.
Taking advantage of record low mortgage rates isn't the only reason for refinancing your home loan.
Even if you just refinanced not so long ago, the benefits of doing so again may well outweigh standing pat.
A conflict of interest is said to be 'at the heart' of the giant, government-owned mortgage company.
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Obamacare isn't the only reform hitting the US health industry. One company is emerging as a stronger player after recent struggles.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.