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	<title>Mortgages and What Is A Bad Loan &#187; Definitions</title>
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	<link>http://crisis.lenderwatch.org</link>
	<description>Mortgage Crisis Before, During, and After</description>
	<lastBuildDate>Tue, 14 Feb 2012 18:52:11 +0000</lastBuildDate>
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		<item>
		<title>Difference between correspondent lenders and mortgage brokers</title>
		<link>http://crisis.lenderwatch.org/news/697</link>
		<comments>http://crisis.lenderwatch.org/news/697#comments</comments>
		<pubDate>Fri, 01 Jan 2010 20:34:50 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Definitions]]></category>
		<category><![CDATA[correspondent lender]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[mortgage broker]]></category>
		<category><![CDATA[mortgage crisis]]></category>
		<category><![CDATA[wholesale lender]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=697</guid>
		<description><![CDATA[Correspondent lenders are small lenders who do have the right to extend loans on their own risk and have the necessary funds to do so. After a loan is closed a correspondent lender will rarely keep it in their portfolio, selling it to a larger wholesale lender. Sometimes it is hard for the borrower to<a href="http://crisis.lenderwatch.org/news/697" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/697/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Investment Bank, Defined</title>
		<link>http://crisis.lenderwatch.org/news/401</link>
		<comments>http://crisis.lenderwatch.org/news/401#comments</comments>
		<pubDate>Tue, 18 Mar 2008 15:01:07 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Definitions]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[investments]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/401</guid>
		<description><![CDATA[Unlike a commercial bank, which offers checking accounts, CDs and loans, an investment bank finances offerings of stocks, bonds and other investments. Investment banks help companies sell their stock to the public and help cities and towns raise money by issuing municipal bonds. Investment banks also offer advice on corporate mergers and acquisitions. If investment<a href="http://crisis.lenderwatch.org/news/401" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/401/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Piggyback home loans defined</title>
		<link>http://crisis.lenderwatch.org/news/395</link>
		<comments>http://crisis.lenderwatch.org/news/395#comments</comments>
		<pubDate>Sat, 15 Mar 2008 16:09:16 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Definitions]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/395</guid>
		<description><![CDATA[Piggyback home loans, defined: A piggyback is a second mortgage taken out at the same time as a first mortgage, as a way of borrowing a larger total amount. The first mortgage is for 80 percent of property value, and therefore does not require mortgage insurance, while the piggyback is for 5 percent, 10 percent,<a href="http://crisis.lenderwatch.org/news/395" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/395/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Difference between writedown and credit loss</title>
		<link>http://crisis.lenderwatch.org/news/394</link>
		<comments>http://crisis.lenderwatch.org/news/394#comments</comments>
		<pubDate>Fri, 14 Mar 2008 20:33:57 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Definitions]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[charge-off]]></category>
		<category><![CDATA[personal finance]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[write-off]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/394</guid>
		<description><![CDATA[Definition &#8211; the difference between a write-down and a credit loss: Investment banks and the investment-banking units of financial conglomerates mark their assets to market values, whether they&#8217;re loans, securities or collateralized debt obligations, and label that a &#8220;writedown&#8221; when values decline. Commercial banks take charge-offs on loans that have defaulted and increase reserves for<a href="http://crisis.lenderwatch.org/news/394" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/394/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Structured Investment Vehicle &#8211; SIV&#8217;s defined</title>
		<link>http://crisis.lenderwatch.org/news/289</link>
		<comments>http://crisis.lenderwatch.org/news/289#comments</comments>
		<pubDate>Mon, 26 Nov 2007 16:13:45 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Definitions]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/289</guid>
		<description><![CDATA[SIVs are investment vehicles which raise money in the short-term commercial paper market and use it to invest in longer-term assets, such as mortgages. In many cases investors let their money roll over, but recently investors have been demanding their money back. It has obliged many of the SIVs to make a forced sale of<a href="http://crisis.lenderwatch.org/news/289" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/289/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Citi, JPMorgan Chase, BofA to create SIV&#8217;s to help market</title>
		<link>http://crisis.lenderwatch.org/news/220</link>
		<comments>http://crisis.lenderwatch.org/news/220#comments</comments>
		<pubDate>Mon, 15 Oct 2007 18:09:54 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Definitions]]></category>
		<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Investors]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/220</guid>
		<description><![CDATA[The stock market was down sharply Monday as news that major U.S. banks will set up a fund to help bail out the credit markets stirred concerns about bad debt. Bonds fell after an upbeat economic reading. The stock market&#8217;s pullback follows concerns about debt but also as investors also await third-quarter reports due this<a href="http://crisis.lenderwatch.org/news/220" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/220/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>A Guide to Subprime or &#8216;How to ruin your country&#8217;s economy too&#8217;</title>
		<link>http://crisis.lenderwatch.org/news/136</link>
		<comments>http://crisis.lenderwatch.org/news/136#comments</comments>
		<pubDate>Tue, 21 Aug 2007 11:05:33 +0000</pubDate>
		<dc:creator>Leatherneck</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Definitions]]></category>
		<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[International]]></category>
		<category><![CDATA[Lawsuits]]></category>
		<category><![CDATA[Mortgage Fraud]]></category>
		<category><![CDATA[Root Causes]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[OCC]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/136</guid>
		<description><![CDATA[Economists in any country in the world – except the United States – should study the “interest only” loan. It is imperative so your economy doesn’t get hurt in the future. Just consider the United States as a training ground. We all saw the ripple effect around the world. If your country’s stock market lost<a href="http://crisis.lenderwatch.org/news/136" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/136/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage fraud, renamed predatory lending, then renamed subprime</title>
		<link>http://crisis.lenderwatch.org/news/99</link>
		<comments>http://crisis.lenderwatch.org/news/99#comments</comments>
		<pubDate>Thu, 09 Aug 2007 15:11:30 +0000</pubDate>
		<dc:creator>Leatherneck</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Definitions]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[subprime]]></category>
		<category><![CDATA[violation]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/99</guid>
		<description><![CDATA[Years ago John Bley, Washington State’s Financial Institutions Director, at a Federal Reserve Board hearing in San Francisco once said “Predatory lending isn’t a new problem, it’s just that the name has changed. What was once called mortgage fraud is now called predatory lending. Under either name, our mission to investigate violations and enforce the<a href="http://crisis.lenderwatch.org/news/99" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/99/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Credit card asset backed securities fraud examined</title>
		<link>http://crisis.lenderwatch.org/news/98</link>
		<comments>http://crisis.lenderwatch.org/news/98#comments</comments>
		<pubDate>Thu, 09 Aug 2007 14:38:03 +0000</pubDate>
		<dc:creator>Leatherneck</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Definitions]]></category>
		<category><![CDATA[Investors]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[SEC]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/98</guid>
		<description><![CDATA[Credit card balances generate a continuing stream of income. Asset-backed securities are sold to investors, backed by these revenue streams. Investors may not get what they bargained for. Generally the biggest asset-backed securities are backed by home equity loans, auto loans, and credit cards. Here is how credit card asset backed securities can be inflated,<a href="http://crisis.lenderwatch.org/news/98" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/98/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dutch merchant bank losses from asset-backed securities</title>
		<link>http://crisis.lenderwatch.org/news/95</link>
		<comments>http://crisis.lenderwatch.org/news/95#comments</comments>
		<pubDate>Thu, 09 Aug 2007 12:55:41 +0000</pubDate>
		<dc:creator>Leatherneck</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Definitions]]></category>
		<category><![CDATA[International]]></category>
		<category><![CDATA[Investors]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/95</guid>
		<description><![CDATA[Many people have asked why I predicted an implosion on or about August 15th. First let me be prefectly clear that I did not believe problems were contained to subprime, as we were told in earlier reports. Nor did I believe problems were contained to the United States, as others would like us to believe.<a href="http://crisis.lenderwatch.org/news/95" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/95/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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