I do agree the market is bottoming, but how long before it improves.

With the 8K expiring, don't know if it will be renewed, and only affecting first timers not move uppers it's effect will be limited, even if extended.
And the fraud uncovered in it is going to hurt its renewal chances.

I have also heard that a lot of these "mortgage work out" programs the gov is pushing are failing because in reality it is easier and more profitable for the servicers to let the house go to foreclosure. Even though it affects the mortgage holder negatively.

The report did not provide any details, a blip on nitely news.

And personally I am scared of the recent (huge) FHA uptick in little or no down payment loans. If the job market doesn't improve, or any other minor economic problem occurs Look out.

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KLK, MCSE

1990 500SL

I was always taught to respect my elders.
I don't have to respect too many people anymore.