Sen. Charles Schumer, D-N.Y., introduced legislation Monday that would allow Fannie Mae and Freddie Mac, the biggest U.S. finance companies, to buy $145 billion in home loans beyond a $1.4 trillion federal limit.

Refinance Now to Avoid your ARM rate Increase (Richfield Reaper)
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market.