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	<title>Loan Modification Explosion</title>
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	<link>http://loanmodificationexplosion.com</link>
	<description>Your guide to loan modification News</description>
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		<title>Winning the trial, losing your house</title>
		<link>http://loanmodificationexplosion.com/2010/01/winning-the-trial-losing-your-house/</link>
		<comments>http://loanmodificationexplosion.com/2010/01/winning-the-trial-losing-your-house/#comments</comments>
		<pubDate>Sun, 03 Jan 2010 15:49:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=734</guid>
		<description><![CDATA[


WASHINGTON (MarketWatch) &#8212; Question: I have also made trial payments under the Making Home Affordable program. But my house truly was in foreclosure and I spoke with an attorney. Your advice in your column is wrong. They can foreclose, they will foreclose, and they are foreclosing on thousands of people who have made their trial [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2010/01/winning-the-trial-losing-your-house/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Mortgage foreclosures still swamping federal efforts to help</title>
		<link>http://loanmodificationexplosion.com/2010/01/mortgage-foreclosures-still-swamping-federal-efforts-to-help/</link>
		<comments>http://loanmodificationexplosion.com/2010/01/mortgage-foreclosures-still-swamping-federal-efforts-to-help/#comments</comments>
		<pubDate>Sun, 03 Jan 2010 15:48:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=731</guid>
		<description><![CDATA[
Banks and other lenders are still foreclosing on Americans&#8217; homes at a rate that&#8217;s outpacing the Obama administration&#8217;s main effort to stem the crisis.
In fact, while the Treasury Department&#8217;s Home Affordable Modification Program, or HAMP, has started the mortgage modification process on almost 760,000 homeowners who are at risk of losing their homes, less than [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2010/01/mortgage-foreclosures-still-swamping-federal-efforts-to-help/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Failures Cripple Obama Loan Modification Program</title>
		<link>http://loanmodificationexplosion.com/2009/12/failures-cripple-obama-loan-modification-program/</link>
		<comments>http://loanmodificationexplosion.com/2009/12/failures-cripple-obama-loan-modification-program/#comments</comments>
		<pubDate>Tue, 08 Dec 2009 17:50:02 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/2009/12/failures-cripple-obama-loan-modification-program/</guid>
		<description><![CDATA[
Executives of two of the nation&#8217;s largest banks, Chase and Bank of America, testified in Congress this morning that as many as 85 percent of delinquent mortgages are failing the Administration&#8217;s loan modification process because homeowners haven&#8217;t made trial payments or have failed to supply the necessary documentation to support their claims.
In the case of [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/12/failures-cripple-obama-loan-modification-program/feed/</wfw:commentRss>
		<slash:comments>17</slash:comments>
		</item>
		<item>
		<title>Option ARMs: Housing recovery killer?</title>
		<link>http://loanmodificationexplosion.com/2009/12/option-arms-housing-recovery-killer/</link>
		<comments>http://loanmodificationexplosion.com/2009/12/option-arms-housing-recovery-killer/#comments</comments>
		<pubDate>Tue, 01 Dec 2009 14:43:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=724</guid>
		<description><![CDATA[
An explosion of foreclosures will result from option ARMs set to reset to higher payments.
NEW YORK (CNNMoney.com) &#8212; Option-ARMs: File under, &#8220;It sounded good at the time.&#8221;
These exotic mortgages allowed homebuyers to come to closing with little cash and choose, monthly, how much to pay: interest and principal, interest only, or a minimum amount less [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/12/option-arms-housing-recovery-killer/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Why Short Sales and Modifications Take So Long &#8212; and What to Do About It</title>
		<link>http://loanmodificationexplosion.com/2009/11/why-short-sales-and-modifications-take-so-long-and-what-to-do-about-it/</link>
		<comments>http://loanmodificationexplosion.com/2009/11/why-short-sales-and-modifications-take-so-long-and-what-to-do-about-it/#comments</comments>
		<pubDate>Sun, 29 Nov 2009 16:14:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=720</guid>
		<description><![CDATA[
Q: I went under contract to buy a house six months ago. This is a short sale, and I understand that multiple lenders are involved. But I have been more than patient. What can I do?
I can&#8217;t seem to get anyone to listen to me. Don&#8217;t the banks want this to work out?
A: I&#8217;m sure [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/11/why-short-sales-and-modifications-take-so-long-and-what-to-do-about-it/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Foreclosure Forecast For 2010</title>
		<link>http://loanmodificationexplosion.com/2009/11/foreclosure-forecast-for-2010/</link>
		<comments>http://loanmodificationexplosion.com/2009/11/foreclosure-forecast-for-2010/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 18:36:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=709</guid>
		<description><![CDATA[
With housing values still falling in much of nation, the rate of mortgage abandonment has reached nearly 25%. To make matters worse, delinquencies continuing to climb at alarming levels, and given the current pace, Housing Predictor is projecting that there will be more than 17 million foreclosures over the next five years. While foreclosures pose [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/11/foreclosure-forecast-for-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Renters becoming latest victims as foreclosure crisis widens</title>
		<link>http://loanmodificationexplosion.com/2009/11/renters-becoming-latest-victims-as-foreclosure-crisis-widens/</link>
		<comments>http://loanmodificationexplosion.com/2009/11/renters-becoming-latest-victims-as-foreclosure-crisis-widens/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 18:32:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=705</guid>
		<description><![CDATA[
NEW YORK &#8212; A new wave of foreclosures stands to hurt people who may have never taken out a mortgage: renters. In cities such as New York, Chicago and Los Angeles, where many investors are carrying upside-down mortgages on large rental buildings, some tenants are watching their homes fall apart along with the financing.
Janeia Sandiford, [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/11/renters-becoming-latest-victims-as-foreclosure-crisis-widens/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Area posts high rate of mortgage delinquencies</title>
		<link>http://loanmodificationexplosion.com/2009/11/area-posts-high-rate-of-mortgage-delinquencies/</link>
		<comments>http://loanmodificationexplosion.com/2009/11/area-posts-high-rate-of-mortgage-delinquencies/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 18:28:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=702</guid>
		<description><![CDATA[Mississippi leads nation, with 14.4% behind on payments; Alabama ranks ninth, with 11.06%
Sunday, November 22, 2009
Staff Report
Mississippi led the country, and Alabama had the ninth-highest rate for residential loan delinquencies in the third quarter of 2009, according to the Mortgage Bankers Association.
The delinquency rate for residential mortgage loans was 14.4 percent in Mississippi and 11.06 [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/11/area-posts-high-rate-of-mortgage-delinquencies/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Fannie Mae rolls out new tool for homeowners facing foreclosure</title>
		<link>http://loanmodificationexplosion.com/2009/11/fannie-mae-rolls-out-new-tool-for-homeowners-facing-foreclosure/</link>
		<comments>http://loanmodificationexplosion.com/2009/11/fannie-mae-rolls-out-new-tool-for-homeowners-facing-foreclosure/#comments</comments>
		<pubDate>Sun, 15 Nov 2009 14:35:11 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=699</guid>
		<description><![CDATA[The Federal National Mortgage Association — better known by its nickname Fannie Mae — recently announced a new tool intended to keep people facing foreclosure in their homes. Fannie Mae calls this program Deed-for-Lease, and it is sufficiently proud of the program that it claims a trademark on the name.
The new program, at least in [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/11/fannie-mae-rolls-out-new-tool-for-homeowners-facing-foreclosure/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Austin-area foreclosures hit high for the decade</title>
		<link>http://loanmodificationexplosion.com/2009/11/austin-area-foreclosures-hit-high-for-the-decade/</link>
		<comments>http://loanmodificationexplosion.com/2009/11/austin-area-foreclosures-hit-high-for-the-decade/#comments</comments>
		<pubDate>Sun, 15 Nov 2009 14:33:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=696</guid>
		<description><![CDATA[AMERICAN-STATESMAN STAFF
Saturday, November 14, 2009
Lenders posted more than 14,000 Austin-area residential and commercial properties for foreclosure this year, up 57 percent from 2008 and the highest number in a decade.
The postings are continuing evidence of an economic downturn that has cost thousands of Texans their homes and led to foreclosures and bankruptcies of major office [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/11/austin-area-foreclosures-hit-high-for-the-decade/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bank error leads to sale of couple&#8217;s home</title>
		<link>http://loanmodificationexplosion.com/2009/11/bank-error-leads-to-sale-of-couples-home/</link>
		<comments>http://loanmodificationexplosion.com/2009/11/bank-error-leads-to-sale-of-couples-home/#comments</comments>
		<pubDate>Sun, 15 Nov 2009 14:28:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=693</guid>
		<description><![CDATA[PHOENIX, Nov. 11 (UPI) &#8212; Chase officials have apologized for accidentally selling a Phoenix couple&#8217;s home even though their modified mortgage payments
were up to date.
Jeff and Yanthy Zerner said the new owner of the house posted a notice on the door Nov. 4 that led them to discover their property had been foreclosed, KPHO-TV, Phoenix, [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/11/bank-error-leads-to-sale-of-couples-home/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>30-year mortgage rates fall to 4.91%</title>
		<link>http://loanmodificationexplosion.com/2009/11/30-year-mortgage-rates-fall-to-4-91/</link>
		<comments>http://loanmodificationexplosion.com/2009/11/30-year-mortgage-rates-fall-to-4-91/#comments</comments>
		<pubDate>Sun, 15 Nov 2009 14:25:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/2009/11/30-year-mortgage-rates-fall-to-4-91/</guid>
		<description><![CDATA[Rates for 30-year home loans stayed below 5 percent for the second week in a row.
The average interest rate fell to 4.91 percent from 4.98 percent a week earlier, the mortgage company Freddie Mac said Thursday.
Rates hit a record low of 4.78 percent in the spring but are still attractive for people looking to buy [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/11/30-year-mortgage-rates-fall-to-4-91/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Obama&#8217;s offer to banks not helping many consumers</title>
		<link>http://loanmodificationexplosion.com/2009/11/obamas-offer-to-banks-not-helping-many-consumers/</link>
		<comments>http://loanmodificationexplosion.com/2009/11/obamas-offer-to-banks-not-helping-many-consumers/#comments</comments>
		<pubDate>Wed, 11 Nov 2009 19:18:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FDIC]]></category>
		<category><![CDATA[Foreclosure Crisis]]></category>
		<category><![CDATA[Obama Mortgage Bailout]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=688</guid>
		<description><![CDATA[
Nine months ago, the Obama administration offered banks $75 billion in taxpayer money to rework troubled mortgages.
Yet so far, $75 billion hasn&#8217;t been enough to compel many lenders to permanently reduce monthly mortgage payments for millions of cash-strapped homeowners. Indeed, tens of thousand of borrowers who have asked for relief have instead seen their payments [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/11/obamas-offer-to-banks-not-helping-many-consumers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Can Land Banks Help Solve Detroit’s Foreclosure Woes?</title>
		<link>http://loanmodificationexplosion.com/2009/10/can-land-banks-help-solve-detroit%e2%80%99s-foreclosure-woes/</link>
		<comments>http://loanmodificationexplosion.com/2009/10/can-land-banks-help-solve-detroit%e2%80%99s-foreclosure-woes/#comments</comments>
		<pubDate>Tue, 27 Oct 2009 23:08:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=684</guid>
		<description><![CDATA[
Over at WalletPop, they’ve looked closer into a big recent auction of foreclosed properties in Detroit, and it’s an even bleaker situation than first reported.
The Wayne County auction of some 9,000 repossessed properties last week resulted in more than 80 percent of them failing to draw a single bid. And that’s even with the minimum [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/10/can-land-banks-help-solve-detroit%e2%80%99s-foreclosure-woes/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>5,000 Protest Bank Power, Abuses, as ‘Showdown’ Culminates</title>
		<link>http://loanmodificationexplosion.com/2009/10/5000-protest-bank-power-abuses-as-%e2%80%98showdown%e2%80%99-culminates/</link>
		<comments>http://loanmodificationexplosion.com/2009/10/5000-protest-bank-power-abuses-as-%e2%80%98showdown%e2%80%99-culminates/#comments</comments>
		<pubDate>Tue, 27 Oct 2009 23:05:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=681</guid>
		<description><![CDATA[
CHICAGO–Angenita Tanner faces tough times. Her home-based child care business is threatened by potential Illinois state budget cuts to programs subsidizing care for children of low-income workers. Already her clients have found it hard to pay for her services, leading her to fall behind on her mortgage. But her bank refuses to re-negotiate the mortgage, [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/10/5000-protest-bank-power-abuses-as-%e2%80%98showdown%e2%80%99-culminates/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>TARP report slams lack of transparency</title>
		<link>http://loanmodificationexplosion.com/2009/10/tarp-report-slams-lack-of-transparency/</link>
		<comments>http://loanmodificationexplosion.com/2009/10/tarp-report-slams-lack-of-transparency/#comments</comments>
		<pubDate>Tue, 27 Oct 2009 19:26:09 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=678</guid>
		<description><![CDATA[
In a scathing report out Wednesday, a government watchdog blasts the Treasury Department for its handling of a $700 billion bailout program and for not adopting all of its earlier recommendations.
Special Inspector General Neil Barofsky, who is in charge of overseeing the Troubled Asset Relief Program (TARP), said Treasury&#8217;s failure to provide more details about [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/10/tarp-report-slams-lack-of-transparency/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage modification may affect credit</title>
		<link>http://loanmodificationexplosion.com/2009/10/mortgage-modification-may-affect-credit/</link>
		<comments>http://loanmodificationexplosion.com/2009/10/mortgage-modification-may-affect-credit/#comments</comments>
		<pubDate>Tue, 27 Oct 2009 19:23:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=675</guid>
		<description><![CDATA[
I have a question in regard to debt. My wife and I are currently in the process of modifying our mortgage. However, as soon as we started the modification process, our credit card limit was reduced significantly. Will a mortgage modification affect our credit? If so, for how many years?
&#8211; Jes
Dear Jes,
I know how you [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/10/mortgage-modification-may-affect-credit/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Loan Modification or Debt Consolidation</title>
		<link>http://loanmodificationexplosion.com/2009/10/loan-modification-or-debt-consolidation/</link>
		<comments>http://loanmodificationexplosion.com/2009/10/loan-modification-or-debt-consolidation/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 01:17:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=672</guid>
		<description><![CDATA[
Loan modification is quite similar to mortgage refinance as both have an objective to make payments simpler for people who may be facing financial hardships. Loan modification can also be called as modified refinance. The line of difference lies in the fact that one has to get the loan refinanced in case of mortgage refinance [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/10/loan-modification-or-debt-consolidation/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Do Loan Servicers Really Prefer Foreclosures?</title>
		<link>http://loanmodificationexplosion.com/2009/10/do-loan-servicers-really-prefer-foreclosures/</link>
		<comments>http://loanmodificationexplosion.com/2009/10/do-loan-servicers-really-prefer-foreclosures/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 01:10:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Do You Qualify For a Loan Mod?]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Foreclosure Crisis]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=669</guid>
		<description><![CDATA[
At the start of the foreclosure crises, personal finance experts urged struggling homeowners to contact their lenders if they started to fall behind on their mortgages. The lenders want to do everything they can, homeowners were told, to avoid a foreclosure.
Now, the experts aren&#8217;t so sure that&#8217;s the case.
Consumers who have jumped through a frustrating [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Obama Expands Housing Rescue (Again): 5 Things to Know</title>
		<link>http://loanmodificationexplosion.com/2009/10/obama-expands-housing-rescue-again-5-things-to-know/</link>
		<comments>http://loanmodificationexplosion.com/2009/10/obama-expands-housing-rescue-again-5-things-to-know/#comments</comments>
		<pubDate>Mon, 19 Oct 2009 23:39:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://loanmodificationexplosion.com/?p=665</guid>
		<description><![CDATA[
In another attempt to reinvigorate the housing market, the Obama administration has announced new steps designed to make it easier for state and local agencies to reduce mortgage
costs for low- and moderate-income home buyers. The two-pronged effort—which includes a bond-buying initiative and a credit facility—will enable state and local housing finance agencies, or HFAs, to [...]]]></description>
		<wfw:commentRss>http://loanmodificationexplosion.com/2009/10/obama-expands-housing-rescue-again-5-things-to-know/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
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