Senh: Not that Libya's done. Time for Syria? Oh wait, they don't oil.
Senh: Not that Libya's done. Time for Syria? Oh wait, they don't oil.
Senh: Principal reduction and refinancing for underwater mortgages would be a two steps in the right direction. The only problem what happens to homeowners who have already done loan mods? Would they still qualify for principal reduction and/or refinance? It also sucks that certain programs are only available from one bank, but not another.
Senh: Good to hear that European leaders finally came together and signed off on a plan to rescue troubled nations in the eurozone.
Senh: At least we're not heading into another recession. Any growth is good right now.
Senh: Hopefully, that means we've already hit the bottom, and things are moving up. Apparently, this is the fifth month in a row in which home prices have gone up, so that's the good news. The bad news is that economists are predicting drops in fall and winter, which makes sense since those are the slow periods for real estate.
Senh: Finally, the government's doing something right. It's step in the right direction. Now, if only banks other than Fannie Mae and Freddie Mac will also do the same.
Senh: As usual, the numbers don't lie. The news media, on the other hand, make it unbelievable.