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	<title>The Truth About Mortgage.com</title>
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	<description>Understand mortgage, then buy.  Mortgage news and advice.</description>
	<pubDate>Mon, 12 May 2008 06:27:35 +0000</pubDate>
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		<title>Countrywide Shares Fall 20 Percent Amid Deal Concerns</title>
		<link>http://www.thetruthaboutmortgage.com/countrywide-shares-fall-20-percent-amid-deal-concerns/</link>
		<comments>http://www.thetruthaboutmortgage.com/countrywide-shares-fall-20-percent-amid-deal-concerns/#comments</comments>
		<pubDate>Fri, 09 May 2008 21:42:27 +0000</pubDate>
		<dc:creator>scot184</dc:creator>
		
		<category><![CDATA[Mortgage News and Tips]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutmortgage.com/?p=1998</guid>
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Shares of the nation’s top residential mortgage lender slid more than 20 percent this week as warnings from analysts and investor jitters took their toll on the company.
Countrywide stock ended the week at just $4.76 a share, down 20.4 percent from its previous Friday closing price of $5.98 and well below its post-merger price in [...]]]></description>
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		<title>MGIC Tightens PMI Guidelines Again</title>
		<link>http://www.thetruthaboutmortgage.com/mgic-tightens-pmi-guidelines-again/</link>
		<comments>http://www.thetruthaboutmortgage.com/mgic-tightens-pmi-guidelines-again/#comments</comments>
		<pubDate>Fri, 09 May 2008 18:35:06 +0000</pubDate>
		<dc:creator>scot184</dc:creator>
		
		<category><![CDATA[Mortgage News and Tips]]></category>

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Late yesterday, private mortgage insurer MGIC announced another series of changes to its underwriting guidelines as a result of the continued uncertainty surrounding the mortgage market.
Effective June 1, the company said it will no longer insure any A-minus loans, reduced documentation loans, Alt-A loans, investment properties, cash-out refinances, 3-4 unit properties, loans with potential negative [...]]]></description>
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		<title>Fremont to Sell Remaining Servicing Rights to Litton, May File BK</title>
		<link>http://www.thetruthaboutmortgage.com/fremont-to-sell-remaining-servicing-rights-to-litton/</link>
		<comments>http://www.thetruthaboutmortgage.com/fremont-to-sell-remaining-servicing-rights-to-litton/#comments</comments>
		<pubDate>Thu, 08 May 2008 21:51:40 +0000</pubDate>
		<dc:creator>scot184</dc:creator>
		
		<category><![CDATA[Mortgage News and Tips]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutmortgage.com/?p=1994</guid>
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Fremont General Corp., DBA Fremont Investment and Loan, said today that it has entered an agreement with Litton Loan Servicing to sell the remainder of its $12.2 billion loan portfolio.
As a result of the deal, Fremont intends to wind down its remaining loan servicing operation in Ontario, California, but said the deal does not involve [...]]]></description>
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		<title>Survey: Most Have Reservations About Buying Foreclosed Homes</title>
		<link>http://www.thetruthaboutmortgage.com/most-have-reservations-about-buying-foreclosed-homes/</link>
		<comments>http://www.thetruthaboutmortgage.com/most-have-reservations-about-buying-foreclosed-homes/#comments</comments>
		<pubDate>Thu, 08 May 2008 18:30:05 +0000</pubDate>
		<dc:creator>scot184</dc:creator>
		
		<category><![CDATA[Mortgage News and Tips]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutmortgage.com/?p=1992</guid>
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Real estate search engine Trulia.com released the findings of a survey conducted last month that queried consumer sentiment regarding the purchase of foreclosed homes.
The survey found that 69 percent of U.S. adults feel that there are negative aspects associated with buying a foreclosed home, but more than half said they would be at least somewhat [...]]]></description>
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		<title>Mortgage Rates Largely Unchanged This Week</title>
		<link>http://www.thetruthaboutmortgage.com/mortgage-rates-largely-unchanged-this-week/</link>
		<comments>http://www.thetruthaboutmortgage.com/mortgage-rates-largely-unchanged-this-week/#comments</comments>
		<pubDate>Thu, 08 May 2008 17:30:12 +0000</pubDate>
		<dc:creator>scot184</dc:creator>
		
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		<guid isPermaLink="false">http://www.thetruthaboutmortgage.com/?p=1990</guid>
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Mortgage rates continued to show little sign of movement for the week ending May 8, according to the latest weekly survey from mortgage financier Freddie Mac.
Freddie Mac vice president and chief economist Frank Nothaft said that despite a weak housing market, mortgage rates saw little movement because of better-than-expected economic data, but noted that a [...]]]></description>
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		<title>NY Assembly Passes One Year Foreclosure Moratorium Bill</title>
		<link>http://www.thetruthaboutmortgage.com/ny-assembly-passes-one-year-foreclosure-moratorium-bill/</link>
		<comments>http://www.thetruthaboutmortgage.com/ny-assembly-passes-one-year-foreclosure-moratorium-bill/#comments</comments>
		<pubDate>Wed, 07 May 2008 22:46:00 +0000</pubDate>
		<dc:creator>scot184</dc:creator>
		
		<category><![CDATA[Mortgage News and Tips]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutmortgage.com/?p=1987</guid>
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The New York State Assembly today passed a rather robust legislative package aimed at addressing the “national sub-prime lending crisis.”
The four-bill bundle contains legislation that, if enacted, would offer assistance to homeowners in default or facing foreclosure, establish requirements on all home loans, provide consumer info to all residential mortgage applicants, and most notably, create [...]]]></description>
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		<title>Countrywide Addresses Bankruptcy Failings</title>
		<link>http://www.thetruthaboutmortgage.com/countrywide-addresses-bankruptcy-failings/</link>
		<comments>http://www.thetruthaboutmortgage.com/countrywide-addresses-bankruptcy-failings/#comments</comments>
		<pubDate>Wed, 07 May 2008 18:46:04 +0000</pubDate>
		<dc:creator>scot184</dc:creator>
		
		<category><![CDATA[Mortgage News and Tips]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutmortgage.com/?p=1985</guid>
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Steve Bailey, Senior Managing Director of Loan Administration for Countrywide Financial, testified before the Senate yesterday, calling the recent allegations regarding its bankruptcy cases “unfounded” while claiming that the mortgage lender was committed to helping its borrowers avoid foreclosure.
He said the many recent allegations made in the media related to its bankruptcy systems and servicing [...]]]></description>
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		<title>Pending Home Sales Fall As Credit Remains Tight</title>
		<link>http://www.thetruthaboutmortgage.com/pending-home-sales-fall-as-credit-remains-tight/</link>
		<comments>http://www.thetruthaboutmortgage.com/pending-home-sales-fall-as-credit-remains-tight/#comments</comments>
		<pubDate>Wed, 07 May 2008 17:36:38 +0000</pubDate>
		<dc:creator>scot184</dc:creator>
		
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		<guid isPermaLink="false">http://www.thetruthaboutmortgage.com/?p=1983</guid>
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The National Association of Realtor’s (NAR) Pending Home Sales Index dipped 1.0 percent to 83.0 in March, down from a revised 83.8 in February, and was off 20.1 percent from March 2007.
The real estate group launched the PHSI in 2001, and a reading of 100 is equal to the sales rate seen during that year.
NAR [...]]]></description>
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		<title>Mortgage Applications Bounce Back From 2008 Low</title>
		<link>http://www.thetruthaboutmortgage.com/mortgage-applications-bounce-back-from-2008-low/</link>
		<comments>http://www.thetruthaboutmortgage.com/mortgage-applications-bounce-back-from-2008-low/#comments</comments>
		<pubDate>Wed, 07 May 2008 16:51:57 +0000</pubDate>
		<dc:creator>scot184</dc:creator>
		
		<category><![CDATA[Mortgage News and Tips]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutmortgage.com/?p=1981</guid>
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Mortgage application volume increased 15.6 percent on a seasonally adjusted basis for the week ending May 2 after hitting its 2008 low one week earlier, the Mortgage Bankers Association said today.
On an unadjusted basis, the application index was up 15.9 percent compared with the previous week but still remained 4.4 percent lower than the same [...]]]></description>
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		<title>Commercial/Multifamily Originations Hit Record in 2007</title>
		<link>http://www.thetruthaboutmortgage.com/commercialmultifamily-originations-hit-record-in-2007/</link>
		<comments>http://www.thetruthaboutmortgage.com/commercialmultifamily-originations-hit-record-in-2007/#comments</comments>
		<pubDate>Tue, 06 May 2008 21:44:28 +0000</pubDate>
		<dc:creator>scot184</dc:creator>
		
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		<guid isPermaLink="false">http://www.thetruthaboutmortgage.com/commercialmultifamily-originations-hit-record-in-2007/</guid>
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Despite the ongoing housing crisis, commercial/multifamily loan originations climbed 19 percent in 2007, according to the Mortgage Bankers Association’s annual summation.
Increases were seen across virtually all property types and investor groups as mortgage bankers closed $507.7 billion in commercial/multifamily loans.
Jamie Woodwell, MBA&#8217;s Senior Director of Commercial/Multifamily Research, said that despite the credit crunch, commercial originations [...]]]></description>
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