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	<title>Mortgage Rates for Chicago &#187; Mortgage Rules</title>
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	<link>http://mortgageratesforchicago.com</link>
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		<title>Why It&#8217;s Probably Not Going to Get Easier to Get a Jumbo Loan&#8230;..</title>
		<link>http://mortgageratesforchicago.com/2009/12/23/why-its-probably-not-going-to-get-easier-to-get-a-jumbo-loan/</link>
		<comments>http://mortgageratesforchicago.com/2009/12/23/why-its-probably-not-going-to-get-easier-to-get-a-jumbo-loan/#comments</comments>
		<pubDate>Thu, 24 Dec 2009 02:26:00 +0000</pubDate>
		<dc:creator>Tom  Vanderwell</dc:creator>
				<category><![CDATA[Mortgage Rules]]></category>
		<category><![CDATA[Jumbo Loans]]></category>

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		<description><![CDATA[Jumbo loans, those over $417,000 and not guaranteed by Fannie and Freddie (aka you and me), are starting to see growing performance issues.&#160;&#160;&#160; The delinquency problems are moving up the price &#8220;food chain.&#8221;
So let me ask you, if delinquencies are rising, do you think that it&#8217;s going to be easier to get a jumbo loan [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FHA says &#8220;NO Thanks!&#8221;</title>
		<link>http://mortgageratesforchicago.com/2009/12/19/fha-says-no-thanks/</link>
		<comments>http://mortgageratesforchicago.com/2009/12/19/fha-says-no-thanks/#comments</comments>
		<pubDate>Sat, 19 Dec 2009 19:38:00 +0000</pubDate>
		<dc:creator>Tom  Vanderwell</dc:creator>
				<category><![CDATA[Mortgage Rules]]></category>
		<category><![CDATA[FHA and Shohrt Sales]]></category>

		<guid isPermaLink="false">http://mortgageratesforchicago.com/2009/12/19/fha-says-no-thanks/</guid>
		<description><![CDATA[FHA issued an update today which basically said three things:

If you do a short sale just to buy another property at a lower price, FHA doesn&#8217;t want anything to do with you.
If you do a short sale and were current on your debts, you&#8217;d be &#8220;fine.&#8221;&#160;&#160; I&#8217;m assuming that this would be the type of [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>The Rates Aren&#8217;t The Only Thing That Matters&#8230;.. (My thoughts on how to create healing in the housing market)</title>
		<link>http://mortgageratesforchicago.com/2009/12/14/the-rates-arent-the-only-thing-that-matters-my-thoughts-on-how-to-create-healing-in-the-housing-market/</link>
		<comments>http://mortgageratesforchicago.com/2009/12/14/the-rates-arent-the-only-thing-that-matters-my-thoughts-on-how-to-create-healing-in-the-housing-market/#comments</comments>
		<pubDate>Mon, 14 Dec 2009 16:52:00 +0000</pubDate>
		<dc:creator>Tom  Vanderwell</dc:creator>
				<category><![CDATA[Market Musings]]></category>
		<category><![CDATA[Mortgage Rates]]></category>
		<category><![CDATA[Mortgage Rules]]></category>
		<category><![CDATA[Deleveraging]]></category>
		<category><![CDATA[Fannie and Freddie]]></category>
		<category><![CDATA[Housing crisis]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Refinancing]]></category>

		<guid isPermaLink="false">http://mortgageratesforchicago.com/2009/12/14/the-rates-arent-the-only-thing-that-matters-my-thoughts-on-how-to-create-healing-in-the-housing-market/</guid>
		<description><![CDATA[A couple of thoughts about this article from the New York Times:
It&#8217;s true.&#160;&#160; Anecdotally, I&#8217;d have to say that depending on the day, anywhere from 30-50% of the people who I discuss refinancing with are either not able to do it because their income has fallen or because property values have dropped.&#160; Now wait, you&#8217;re [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Quote of the Day&#8230;..</title>
		<link>http://mortgageratesforchicago.com/2009/12/10/quote-of-the-day/</link>
		<comments>http://mortgageratesforchicago.com/2009/12/10/quote-of-the-day/#comments</comments>
		<pubDate>Fri, 11 Dec 2009 04:11:00 +0000</pubDate>
		<dc:creator>Tom  Vanderwell</dc:creator>
				<category><![CDATA[Market Musings]]></category>
		<category><![CDATA[Mortgage Rules]]></category>

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		<description><![CDATA[Elizabeth Duke is on the Board of Governors for the Federal Reserve and I think she hit the nail on the head&#8230;&#8230;
Fed’s Duke Outlines New Mortgage Market : HousingWire &#124;&#124; financial news for the mortgage market
“Some would argue that most of the really risky behavior is now out of the market,” Duke said. “But, unfortunately, [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Finally &#8211; some &#8220;leeway&#8221; for the housing market?</title>
		<link>http://mortgageratesforchicago.com/2009/12/04/finally-some-leeway-for-the-housing-market/</link>
		<comments>http://mortgageratesforchicago.com/2009/12/04/finally-some-leeway-for-the-housing-market/#comments</comments>
		<pubDate>Fri, 04 Dec 2009 12:36:00 +0000</pubDate>
		<dc:creator>Tom  Vanderwell</dc:creator>
				<category><![CDATA[Mortgage Rules]]></category>
		<category><![CDATA[MGIC]]></category>
		<category><![CDATA[Mortgage Insurance]]></category>
		<category><![CDATA[PMI]]></category>

		<guid isPermaLink="false">http://mortgageratesforchicago.com/2009/12/04/finally-some-leeway-for-the-housing-market/</guid>
		<description><![CDATA[This is, I think, good news.&#160;&#160; Let me explain&#8230;.

MGIC is one of the biggest private mortgage insurance companies in the country.
They are facing very large losses and are running out of funds.
As part of the restructuring, they are setting up a new subsidiary that will write new business.
The state of Wisconsin (which I believe is [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>It&#8217;s going to get harder to get an FHA loan&#8230;&#8230;</title>
		<link>http://mortgageratesforchicago.com/2009/12/02/its-going-to-get-harder-to-get-an-fha-loan/</link>
		<comments>http://mortgageratesforchicago.com/2009/12/02/its-going-to-get-harder-to-get-an-fha-loan/#comments</comments>
		<pubDate>Wed, 02 Dec 2009 15:50:00 +0000</pubDate>
		<dc:creator>Tom  Vanderwell</dc:creator>
				<category><![CDATA[Mortgage Rules]]></category>
		<category><![CDATA[FHA Rules]]></category>

		<guid isPermaLink="false">http://mortgageratesforchicago.com/2009/12/02/its-going-to-get-harder-to-get-an-fha-loan/</guid>
		<description><![CDATA[We&#8217;ll get more details later today, but it looks like it&#8217;s going to get harder and be more expensive to get an FHA loan.&#160;&#160; A couple of main points to consider:

FHA is currently losing money by the truckloads, so something has to change.
The increased FICO scores, larger downpayments and reduced seller concessions will probably weed [...]]]></description>
		<wfw:commentRss>http://mortgageratesforchicago.com/2009/12/02/its-going-to-get-harder-to-get-an-fha-loan/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HAFA, HAMP and other useless acronyms&#8230;&#8230;</title>
		<link>http://mortgageratesforchicago.com/2009/12/02/hafa-hamp-and-other-useless-acronyms/</link>
		<comments>http://mortgageratesforchicago.com/2009/12/02/hafa-hamp-and-other-useless-acronyms/#comments</comments>
		<pubDate>Wed, 02 Dec 2009 13:52:00 +0000</pubDate>
		<dc:creator>Tom  Vanderwell</dc:creator>
				<category><![CDATA[Market Musings]]></category>
		<category><![CDATA[Mortgage Rules]]></category>
		<category><![CDATA[Foreclosures]]></category>
		<category><![CDATA[Short Sales]]></category>

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		<description><![CDATA[Okay, I’ve got to admit, it’s been one of those days, but I can’t stand by and not say what I’m thinking about this new “short sale” program.&#160;&#160;&#160; I’m already hearing a lot of Realtors and others saying, “This is great news!”&#160;&#160;&#160; Well, hold on a minute…..
I’m going to go through some of the main [...]]]></description>
		<wfw:commentRss>http://mortgageratesforchicago.com/2009/12/02/hafa-hamp-and-other-useless-acronyms/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Next Step&#8230;.</title>
		<link>http://mortgageratesforchicago.com/2009/11/30/the-next-step/</link>
		<comments>http://mortgageratesforchicago.com/2009/11/30/the-next-step/#comments</comments>
		<pubDate>Tue, 01 Dec 2009 04:27:00 +0000</pubDate>
		<dc:creator>Tom  Vanderwell</dc:creator>
				<category><![CDATA[Market Musings]]></category>
		<category><![CDATA[Mortgage Rates]]></category>
		<category><![CDATA[Mortgage Rules]]></category>
		<category><![CDATA[AllMarketsConsidered.com]]></category>

		<guid isPermaLink="false">http://mortgageratesforchicago.com/2009/11/30/the-next-step/</guid>
		<description><![CDATA[I&#8217;ve had a lot of people ask me lately, &#8220;Tom, what do you see is coming next?&#160;&#160; What&#8217;s the next step in this mess?&#8221;
A couple of thoughts at this point:

Anyone short of Nouriel Roubini, Paul Krugman, Meredith Whitney and maybe a few others who tell you that they KNOW how this is all going to [...]]]></description>
		<wfw:commentRss>http://mortgageratesforchicago.com/2009/11/30/the-next-step/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Question That Needs to be Asked More Often&#8230;..</title>
		<link>http://mortgageratesforchicago.com/2009/11/28/a-question-that-needs-to-be-asked-more-often/</link>
		<comments>http://mortgageratesforchicago.com/2009/11/28/a-question-that-needs-to-be-asked-more-often/#comments</comments>
		<pubDate>Sat, 28 Nov 2009 21:19:00 +0000</pubDate>
		<dc:creator>Tom  Vanderwell</dc:creator>
				<category><![CDATA[Mortgage Rules]]></category>
		<category><![CDATA[Mortgages]]></category>

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		<description><![CDATA[Technorati Tags: Mortgages, Big Questions

]]></description>
		<wfw:commentRss>http://mortgageratesforchicago.com/2009/11/28/a-question-that-needs-to-be-asked-more-often/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>FHA Changes Coming?</title>
		<link>http://mortgageratesforchicago.com/2009/11/23/fha-changes-coming/</link>
		<comments>http://mortgageratesforchicago.com/2009/11/23/fha-changes-coming/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 16:34:00 +0000</pubDate>
		<dc:creator>Tom  Vanderwell</dc:creator>
				<category><![CDATA[Mortgage Rules]]></category>

		<guid isPermaLink="false">http://mortgageratesforchicago.com/2009/11/23/fha-changes-coming/</guid>
		<description><![CDATA[I don&#8217;t think that is would surprise anyone to know that FHA is in trouble.&#160;&#160; Their reserves are way below what they are supposed to be, partially because their volume has skyrocketed and mainly because as they have become the lender of choice for the &#8220;sub prime&#8221; borrowers (those with credit scores under 740), their [...]]]></description>
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		<slash:comments>0</slash:comments>
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