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(Image from article: "Regulator unveils help for underwater homeowners")

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Regulator unveils help for underwater homeowners

A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners whose homes are worth less than their mortgage.

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.

Foreclosure deal near as banks win more immunity

Talks between states and top banks over mortgage abuses are nearing agreement on a major sticking point that has bogged down settlement negotiations for more than a year.

Senh: The sooner they get this done, the better. The sad part of all of this is that people who have been current with their mortgage payments can't even take advantage of today's low mortgage rates and refinance because their homes are underwater. Although I kinda feel like we're letting the banks off too easily.

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