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	<title>Mortgages and What Is A Bad Loan &#187; Archives</title>
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	<description>Mortgage Crisis Before, During, and After</description>
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		<title>Subprime fallout continues in 2012</title>
		<link>http://crisis.lenderwatch.org/news/959</link>
		<comments>http://crisis.lenderwatch.org/news/959#comments</comments>
		<pubDate>Fri, 06 Jan 2012 00:06:37 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[Bear Sterns]]></category>
		<category><![CDATA[Countrywide]]></category>
		<category><![CDATA[Countrywide Financial]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://crisis.lenderwatch.org/?p=959</guid>
		<description><![CDATA[It was the summer of 2007. We waited for mortgage lending to explode (or implode). If you recall, Bear Sterns had problems that shocked everyone, HSBC announced the first subprime mortgage losses, and Lehman Brothers said Lehman was not associated or affiliated with subprime borrowers. Bear Sterns is gone, Lehman had egg on their face,<a href="http://crisis.lenderwatch.org/news/959" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Countrywide BofA is mailing settlement checks</title>
		<link>http://crisis.lenderwatch.org/news/725</link>
		<comments>http://crisis.lenderwatch.org/news/725#comments</comments>
		<pubDate>Tue, 16 Feb 2010 13:42:59 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Connecticut]]></category>
		<category><![CDATA[Countrywide]]></category>
		<category><![CDATA[Countrywide Financial Corp.]]></category>
		<category><![CDATA[Richard Blumenthal]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=725</guid>
		<description><![CDATA[Countrywide Financial Corp. has mailed checks for more than $3,000 to hundreds of Connecticut residents who lost or could lose their homes as a result of the company&#8217;s &#8220;abusive and unfair&#8221; home loan practices, Attorney General Richard Blumenthal said Monday. The payments are part of a previously announced, $8.4 billion, multistate settlement with Countrywide, now<a href="http://crisis.lenderwatch.org/news/725" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Changes in Credit Card Terms Can Make You See RED.</title>
		<link>http://crisis.lenderwatch.org/news/557</link>
		<comments>http://crisis.lenderwatch.org/news/557#comments</comments>
		<pubDate>Sun, 22 Feb 2009 21:43:01 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/557</guid>
		<description><![CDATA[Lucky for my readers, I went to “Charm School”. If not for that I’d be foaming at the mouth and posting obscenities. Now I say, “That’s NICE.” I received changes in terms from my credit card provider. My periodic rate raised 5% for new purchases. That’s NICE. In September 2008 my periodic rate was 15.99%.<a href="http://crisis.lenderwatch.org/news/557" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Saxon Mortgage servicing errors continue</title>
		<link>http://crisis.lenderwatch.org/news/513</link>
		<comments>http://crisis.lenderwatch.org/news/513#comments</comments>
		<pubDate>Mon, 27 Oct 2008 16:55:04 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/513</guid>
		<description><![CDATA[We receive input from many of you and we are wondering about Saxon Mortgage once again. It seems insurance companies bill Saxon well ahead of time, but 30 days later Saxon sends letters to the homeowner. The letters say that hazard insurance has not been paid. Yes, there may be a transition as Saxon becomes<a href="http://crisis.lenderwatch.org/news/513" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>AIG Reservation, Too Late to Cancel?</title>
		<link>http://crisis.lenderwatch.org/news/509</link>
		<comments>http://crisis.lenderwatch.org/news/509#comments</comments>
		<pubDate>Thu, 09 Oct 2008 23:35:39 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[industry]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/509</guid>
		<description><![CDATA[The timing could not have been worse for AIG. I read the first story of the “Retreat” on the heels of the $85 billion and sympathized. AIG will not be able to win. Unlike naked short selling on the stock market, resorts and business actually have and reserve assets. Customers are not allowed to tie<a href="http://crisis.lenderwatch.org/news/509" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Server for faster service.</title>
		<link>http://crisis.lenderwatch.org/news/508</link>
		<comments>http://crisis.lenderwatch.org/news/508#comments</comments>
		<pubDate>Sat, 04 Oct 2008 22:10:47 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/508</guid>
		<description><![CDATA[Mortgage Blues has moved to a new server for better and faster service.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Federal Bail-out, Return to the Source?</title>
		<link>http://crisis.lenderwatch.org/news/504</link>
		<comments>http://crisis.lenderwatch.org/news/504#comments</comments>
		<pubDate>Tue, 23 Sep 2008 04:31:03 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage broker]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[speculator]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/504</guid>
		<description><![CDATA[When the news hit the street, subprime borrowers took the first hit. No one seems to remember the sequence of federal manipulations or new mortgage terms, which were onerous to the point of being predatory. Terms which were deceptive and misrepresented by the mortgage brokers and lenders. Everyone in the industry wants to wheel and<a href="http://crisis.lenderwatch.org/news/504" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Berkshire Hathaway Company Eliminates Bank Deposit Insurance</title>
		<link>http://crisis.lenderwatch.org/news/492</link>
		<comments>http://crisis.lenderwatch.org/news/492#comments</comments>
		<pubDate>Fri, 12 Sep 2008 01:20:12 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[failed banks]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/492</guid>
		<description><![CDATA[Jay Leno may joke about tracking the path of a hurricane by tracing the area of insurance cancellations prior to the storm season, but when Kansas Bankers Surety, (a Berkshire Hathaway company since 1996) eliminates private bank deposit insurance for deposits exceeding FDIC protection, need I say more? On 7 September 2008 the FDIC had<a href="http://crisis.lenderwatch.org/news/492" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>CDO Decision, Sell at a Loss or Milk for What It&#8217;s Worth</title>
		<link>http://crisis.lenderwatch.org/news/482</link>
		<comments>http://crisis.lenderwatch.org/news/482#comments</comments>
		<pubDate>Thu, 21 Aug 2008 19:57:29 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[SEC]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/482</guid>
		<description><![CDATA[Ambac paid $850 million to CitiBank for impairment to a CDO (collateralized debt obligation) reportedly worth One Trillion 400 million dollars ($1.4 Trillion) and let Cibibank keep the assets. I found it interesting because the compensation was in regard to the difference in value from to mark to model as opposed to mark to market.<a href="http://crisis.lenderwatch.org/news/482" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/482/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fixed Payment Option ARM is a Demented Product</title>
		<link>http://crisis.lenderwatch.org/news/481</link>
		<comments>http://crisis.lenderwatch.org/news/481#comments</comments>
		<pubDate>Thu, 21 Aug 2008 19:54:18 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[Capital]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage broker]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/481</guid>
		<description><![CDATA[A Barclays Financial report devoted to the impact of Option Arm estimates 48% of the loans will default when the mortgage payments reset or are recast. Mortgage payments are estimated to increase between 60 and 80%. I am not privy to their information, figures, and calculations but under todays circumstances I feel Barclays report is<a href="http://crisis.lenderwatch.org/news/481" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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