[DaxtonBrown]

How are these loans gonna help? I do real estate, just had two short sales go to forclosure. They are both better off than saddled with another $50,000

[Hildy]

This has to be the dumbest solution I have ever ever heard? People who are in debt with no job...GET MORE DEBT? Why am I surprised..that’s the only solution the government knows. Is there anyone, anyone who can stop these morons?

[fight_truth_decay]

......existing home sales report duee out on August 23rd.

•The existing home sales report will show that sales collapsed in July (this is showing up in all the regional reports).

•The existing home months-of-supply will jump to double digits.

•House prices are probably falling again, although this might not show up in the repeat sales indexes until September or October (this data is released with a lag).

•On August 27th, the second estimate of Q2 GDP will be released. This will probably show a significant downward revision from the preliminary estimate of 2.4% annualized growth. The downward revision is due to lower construction spending than the BEA initially estimated, less contribution from inventory adjustments, and the June surge in exports.

•The unemployment rate will probably start ticking up again soon (or the participation rate will fall further).

With the end of the housing tax credit, calculated risk blogger also (good source) expects residential construction employment to decline further over the next few months.

Elsewhere in Europe and Asia- Germany Economy Expands Most Since Reunification [Singapore On Course For Record Growth] Thailand, Malaysia, Singapore and Vietnam should not be overlooked by investors looking to cash in on the recovery in the Far East.

In Singapore the economy is reported on course for record-breaking growth of up to 15pc for the year. And there are a host of rivals hot on its heels to be the shining star of Asia.

Across the border in Malaysia economic growth of close to 7pc is predicted this year followed by Indonesia at 6.6pc. South Korea and the Philippine's are both on course to hit 6pc growth in 2010

[taxtruth]

All loans should be for free because the government nor the fed has money to begin with but they have a printing press that we should destroy.Our money has NO value so let us be fair because the socalled money was created from NOTHING!What is it really worth until you understand you are really a SLAVE that is paying the fed/gov money when they have no money to begin with.These people are scam/con artist.

[Revel]

“How are these loans gonna help? I do real estate, just had two short sales go to forclosure. They are both better off than saddled with another $50,000”

Mark my words. The next step is that the government will forgive the debt. This is sneaky way to give them the money to make their mortgage payments.

[Finny]

Question: Do you mean that it started out as a short sale, and then the property went into foreclosure? Was it because the bank rejected the short sale price and foreclosed on the homes, so the sellers (if you can call them that!) had to declare bankruptcy instead of avoiding it with a short sale?

Just curious ... not arguing or anything, just wanting to learn more.

[Krankor]

It may not help the homeowners, but it will certainly help lottery sales.