Today, we have a little of both for you. Let's get dispose of the bad first, so at least we'll leave with a good taste in our mouths even if we start out sour. The US Supreme Court has refused to consider an appeal by a San Diego attorney of his client's case regarding the MERS situation. Following a loss in the California Supreme court, he petitioned the US Supremes for a hearing and they denied his petition. They did not rule on the merits of the case.They just exercised their right to refuse to hear it.
On a brighter note, the U.S. Senate has had a bipartisan group request immediate action from four federal agencies, the Federal Housing Finance Agency (FHFA), Treasury, HUD, and the National Economic Council,to relax their standards regarding a new program for underwater homeowners announced recently to get refinanced mortgages at lower rates to help save their homes. These loans would be available to those owners whose existing loans are backed by either Fannie Mae or Freddie Mac. Check with your lender to see if you qualify, and, if you don't get a satisfactory answer, call/write/email your US Senator.
Good luck.
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