With mortgage rates hovering near all-time lows, a bipartisan group of senators has sent a letter urging the Obama administration to make changes to the Home Affordable Refinance Program in order to help more homeowners take advantage of the historically low rates. More than 13 million homeowners have refinanced their mortgages since 2009, saving nearly $20 billion. But federal programs put in place to boost the number of homeowners able to refinance their mortgages have been slow moving and received criticism for inefficiency. The senators’ letter said time is of the essence and urged the administration to act quickly and aggressively to ensure responsible homeowners receive the full benefit of the lower rates. More here.