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	<title>The Truth About Mortgage.com</title>
	<link>http://www.thetruthaboutmortgage.com</link>
	<description>Understand mortgage, then buy.  Mortgage help and advice.</description>
	<lastBuildDate>Thu, 18 Mar 2010 06:29:20 +0000</lastBuildDate>
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	<item>
		<title>Foreclosure Backlog In Full Effect</title>
		<description><![CDATA[
By now, we&#8217;ve heard plenty about the so-called shadow inventory, which is the pending supply of homes owned by banks and lenders that aren&#8217;t on the market for various reasons.
These (millions of) properties distort the overall housing inventory picture, making it appear as if we&#8217;re in better shape than we really are.
If these homes were [...]]]></description>
		<link>http://www.thetruthaboutmortgage.com/foreclosure-backlog-in-full-effect/</link>
			</item>
	<item>
		<title>Mortgage Demand Down Again</title>
		<description><![CDATA[
Mortgage demand was back to its slumping ways after rising slightly one week earlier,  according to the latest report from the Mortgage Bankers Association.
Home loan application volume slipped 1.9 percent on a seasonally adjusted basis (-1.7% unadjusted) for the week ending March 12; the year-over-year data is unknown because the MBA no longer publishes [...]]]></description>
		<link>http://www.thetruthaboutmortgage.com/mortgage-demand-down-again/</link>
			</item>
	<item>
		<title>Trump Property Facing Foreclosure</title>
		<description><![CDATA[
An unfinished condotel complex in Ft. Lauderdale associated with Donald Trump is facing foreclosure, according to the Sun Sentinel.
Developers reportedly defaulted on the $139 million loan tied to the 298-unit project, known as the Trump International Hotel &#38; Tower.
A foreclosure has been filed against SB Associates LLC, which signed the sizable construction loan back in [...]]]></description>
		<link>http://www.thetruthaboutmortgage.com/trump-facing-foreclosure/</link>
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		<title>Foreclosure Starts Rise 20 Percent in California</title>
		<description><![CDATA[
Notices of default, the first step of the foreclosure process, increased 19.69 percent in California from January to February, according to ForeclosureRadar.com.
The company, which claims to track every California foreclosure, said NODs increased to 31,004 during the month after declining for four straight months.
However, such filings were 37.74 percent lower than levels seen a year [...]]]></description>
		<link>http://www.thetruthaboutmortgage.com/foreclosure-starts-rise-20-percent-in-california/</link>
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	<item>
		<title>How Short Sale Fraud Works</title>
		<description><![CDATA[
There&#8217;s been a lot of talk about short sales lately, and considerable concern about related fraud.
Up in the hard-hit northern San Joaquin Valley region of California, the “hottest fraud” reportedly involves short sales, per an article in the Merced Sun Star.
The way it works is pretty simple:
A homeowner falls behind on mortgage payments, or simply [...]]]></description>
		<link>http://www.thetruthaboutmortgage.com/how-short-sale-fraud-works/</link>
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		<title>Top Mortgage Lender in 2009 is Wells Fargo</title>
		<description><![CDATA[
San Francisco-based bank Wells Fargo grabbed the title of top mortgage lender in 2009, according to MortgageDaily.com.
Wells Fargo saw loan origination volume increase a whopping 83 percent compared with numbers in 2008, thanks largely to the record low mortgage rates on offer.
It was the second year in a row Wells Fargo held the top spot; [...]]]></description>
		<link>http://www.thetruthaboutmortgage.com/top-mortgage-lender-in-2009-is-wells-fargo/</link>
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		<title>Higher FHA Down Payment Would Shut Out 300,000 First Time Buyers</title>
		<description><![CDATA[
FHA commissioner David Stevens testified to Congress Thursday, arguing that a blanket minimum down payment increase for FHA loans would “adversely impact the housing market recovery.”
He noted in his testimony that requiring a five percent minimum down payment on FHA loans for all borrowers (up from the current 3.5%) would reduce endorsements by a staggering [...]]]></description>
		<link>http://www.thetruthaboutmortgage.com/higher-fha-down-payment-would-shut-out-300000-buyers/</link>
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		<title>Foreclosures See Smallest Annual Increase in Four Years</title>
		<description><![CDATA[
Good news folks: Foreclosure activity fell two percent last month compared with January, and was up only six percent compared with February 2009, according to RealtyTrac.
Default notices, scheduled foreclosure auctions and bank repossessions were reported on 308,524 properties during the month, representing one in every 418 U.S. housing units.
“The 6 percent year-over-year increase we saw [...]]]></description>
		<link>http://www.thetruthaboutmortgage.com/foreclosures-see-smallest-annual-increase-in-four-years/</link>
			</item>
	<item>
		<title>Mortgage Rates Ease for Second Straight Week</title>
		<description><![CDATA[
Mortgage rates fell for a second consecutive week, albeit by very little, according to mortgage financier Freddie Mac.
The popular 30-year fixed averaged 4.95 percent during the week ending March 11, down from 4.97 percent a week ago and 5.03 percent last year.
The 15-year fixed fell a single basis point to 4.32 percent, and is still [...]]]></description>
		<link>http://www.thetruthaboutmortgage.com/mortgage-rates-ease-for-second-straight-week/</link>
			</item>
	<item>
		<title>Short Sale Program Slammed by Appraisers</title>
		<description><![CDATA[
Just days after details of the Treasury&#8217;s streamlined short sale program were revealed, several leading appraiser groups have criticized the proposal.
The issue involves how short sale properties would be valued under the program, relying on broker price opinions (BPOs) carried out by real estate agents rather than standard appraisals completed by licensed appraisers.
Essentially, a BPO [...]]]></description>
		<link>http://www.thetruthaboutmortgage.com/short-sale-program-slammed-by-appraisers/</link>
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