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President Barack Obama. (Photo by MANDEL NGAN/AFP/Getty Images)

Obama: I Won’t Refinance Mortgage Because As ‘President You Have To Be A Little Careful About These Transactions’

President Barack Obama said Wednesday he’d save money if he refinanced the mortgage on his Chicago home, but he hasn’t jumped on current low interest rates because “when you’re president you have to be a little careful about these transactions.”


The headquarters of Freddie Mac are seen on Oct. 21, 2010 in McLean, Va. (credit: McNamee/Getty Images)

Freddie Mac Earns $5 Billion In Second-Quarter

Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant.


Casino mogul Sheldon Adelson (Photo by aaron tam/AFP/Getty Images)

Market Rates For The Middle Class

With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market rates.


President Barack Obama pauses while speaking during a campaign event at the Value City Arena - Schottenstein Center on May 5, 2012 in Columbus, Ohio. (credit: BRENDAN SMIALOWSKI/AFP/GettyImages)

Obama Laying Out Election Year ‘To Do’ List For Congress

Pressuring Congress, President Barack Obama is laying out an election year “to do” list Tuesday that urges lawmakers to take another look at economic proposals to promote job creation and help families refinance their mortgages.


File photo of a Bank of America. (credit: Scott Olson/Getty Images)

Bank Of America To Pay $335M To Settle Countrywide Discrimination Suit

Bank of America has agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers.