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<channel>
	<title>Broker Watchdog</title>
	<link>http://brokerwatchdog.com</link>
	<description>The Mortgage Blog</description>
	<pubDate>Tue, 22 Jan 2008 04:48:23 +0000</pubDate>
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	<language>en</language>
			<item>
		<title>Stock Markets Plunge Worldwide</title>
		<link>http://brokerwatchdog.com/2008/01/22/stock-markets-plunge-worldwide/</link>
		<comments>http://brokerwatchdog.com/2008/01/22/stock-markets-plunge-worldwide/#comments</comments>
		<pubDate>Tue, 22 Jan 2008 04:48:23 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Market Update</category>
	<category>Finance</category>
	<category>Economy</category>
	<category>Stocks</category>
	<category>Business</category>
	<category>Mortgage Blog</category>
	<category>Bond Market</category>
	<category>credit crunch</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2008/01/22/stock-markets-plunge-worldwide/</guid>
		<description><![CDATA[LONDON (AP) &#8212; Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government&#8217;s stimulus plan to prevent a recession.

U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week&#8217;s market declines there circled through Europe, Asia and the Americas.


Read more&#8230;
	]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2008/01/22/stock-markets-plunge-worldwide/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>Mortgage Lender Jumped To His Death</title>
		<link>http://brokerwatchdog.com/2008/01/19/mortgage-lender-jumped-to-his-death/</link>
		<comments>http://brokerwatchdog.com/2008/01/19/mortgage-lender-jumped-to-his-death/#comments</comments>
		<pubDate>Sat, 19 Jan 2008 16:44:45 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Mortgage News</category>
	<category>Mortgage Blog</category>
	<category>Subprime lenders</category>
	<category>subprime meltdown</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2008/01/19/mortgage-lender-jumped-to-his-death/</guid>
		<description><![CDATA[AP

An executive of a collapsed subprime mortgage lender jumped to his death from a bridge Friday, shortly after his wife&#8217;s body was found inside their New Jersey home, authorities said.

The deaths of Walter Buczynski, 59, and his wife, Marci, 37 &#8212; the parents of two boys &#8212; were being investigated as a murder-suicide, according to [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2008/01/19/mortgage-lender-jumped-to-his-death/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>Lehman Shuts Down Aurora</title>
		<link>http://brokerwatchdog.com/2008/01/17/lehman-shuts-down-aurora/</link>
		<comments>http://brokerwatchdog.com/2008/01/17/lehman-shuts-down-aurora/#comments</comments>
		<pubDate>Thu, 17 Jan 2008 20:01:36 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Mortgage News</category>
	<category>Secondary Mortgage Market</category>
	<category>Mortgage Blog</category>
	<category>Subprime lenders</category>
	<category>Alt-A Mortgage</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2008/01/17/lehman-shuts-down-aurora/</guid>
		<description><![CDATA[Aurora Loan Services&#8217; parent company, Lehman Brothers, announced today that it will substantially reduce its resources and capacity in the U.S. residential mortgage origination space in light of the dislocation in the mortgage markets. 

As a result, Lehman Brothers is suspending all Wholesale and Correspondent mortgage originations at Aurora.

Aurora will continue to originate loans through [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2008/01/17/lehman-shuts-down-aurora/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>The Chickens Are Coming Home To Roost</title>
		<link>http://brokerwatchdog.com/2008/01/17/the-chickens-are-coming-home-to-roost/</link>
		<comments>http://brokerwatchdog.com/2008/01/17/the-chickens-are-coming-home-to-roost/#comments</comments>
		<pubDate>Thu, 17 Jan 2008 11:29:17 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Housing Market</category>
	<category>Mortgage Blog</category>
	<category>Housing Crash</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2008/01/17/the-chickens-are-coming-home-to-roost/</guid>
		<description><![CDATA[HINSDALE, Illinois (Reuters) - A house in this wealthy Chicago suburb is far beyond the reach of most Americans.

Unfortunately, Hinsdale may also now be too expensive for some of the people who already live here.

&#34;There is a section of the population here that over-extended themselves to buy here and then keep up the facade of [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2008/01/17/the-chickens-are-coming-home-to-roost/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>Mortgage Broker Stabbed by a Disgruntled Client</title>
		<link>http://brokerwatchdog.com/2008/01/06/mortgage-broker-stabbed-by-a-disgruntled-client/</link>
		<comments>http://brokerwatchdog.com/2008/01/06/mortgage-broker-stabbed-by-a-disgruntled-client/#comments</comments>
		<pubDate>Sun, 06 Jan 2008 14:45:35 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Mortgage Brokers</category>
	<category>Mortgage News</category>
	<category>Mortgage Blog</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2008/01/06/mortgage-broker-stabbed-by-a-disgruntled-client/</guid>
		<description><![CDATA[And we thought the only thing &#8220;shady&#8221; loan officers and brokers needed to worry about were more regulations and finding a job. Now, it looks like some disgruntled clients may be looking for a pay back and it&#8217;s not just money they are looking for, it may mean murder.

Read more&#8230;

	]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2008/01/06/mortgage-broker-stabbed-by-a-disgruntled-client/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>Jobless Rate Hits 5 Percent</title>
		<link>http://brokerwatchdog.com/2008/01/04/jobless-rates-hits-5-percent/</link>
		<comments>http://brokerwatchdog.com/2008/01/04/jobless-rates-hits-5-percent/#comments</comments>
		<pubDate>Fri, 04 Jan 2008 13:59:55 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Economy</category>
	<category>Mortgage Blog</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2008/01/04/jobless-rates-hits-5-percent/</guid>
		<description><![CDATA[WASHINGTON (AP) &#8212; Hiring practically stalled in December, driving the nation&#8217;s unemployment rate up to 5 percent, a two-year high. The new figures fan fears the economy could slide into a recession.

Last month, employers added the fewest new jobs to their payrolls in more than four years, said the jobs report released Friday by the [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2008/01/04/jobless-rates-hits-5-percent/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>House prices to decline 5% in 2008</title>
		<link>http://brokerwatchdog.com/2008/01/04/house-prices-to-decline-5-in-2008/</link>
		<comments>http://brokerwatchdog.com/2008/01/04/house-prices-to-decline-5-in-2008/#comments</comments>
		<pubDate>Fri, 04 Jan 2008 04:20:15 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Real Estate</category>
	<category>Mortgage Blog</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2008/01/04/house-prices-to-decline-5-in-2008/</guid>
		<description><![CDATA[There is one big question looming for homeowners and commercial real-estate investors this year: How much worse will it get?

The past year was the most painful in decades for residential real estate, as defaults on loans to less-creditworthy borrowers created a broader credit squeeze. House prices fell, home ownership dropped, foreclosures soared, and the housing [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2008/01/04/house-prices-to-decline-5-in-2008/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>A Brief History Of Subprime</title>
		<link>http://brokerwatchdog.com/2007/12/31/a-brief-history-of-subprime/</link>
		<comments>http://brokerwatchdog.com/2007/12/31/a-brief-history-of-subprime/#comments</comments>
		<pubDate>Mon, 31 Dec 2007 18:08:10 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Mortgage Blog</category>
	<category>Subprime lenders</category>
	<category>subprime meltdown</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/12/31/a-brief-history-of-subprime/</guid>
		<description><![CDATA[A clear plastic plaque on William Komperda&#8217;s desk memorializes a 1990 deal that helped launch the made-in-Orange County subprime lending bonanza.

Komperda, a former investment banker now living in Connecticut, calls the plaque a &#34;tombstone,&#34; financial speak for a securities offering notice. But the &#34;tombstone&#34; symbolizes an industry that rocked financial markets around the world in [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/12/31/a-brief-history-of-subprime/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>Are Mortgage Brokers Ancient History?</title>
		<link>http://brokerwatchdog.com/2007/12/27/are-mortgage-brokers-ancient-history/</link>
		<comments>http://brokerwatchdog.com/2007/12/27/are-mortgage-brokers-ancient-history/#comments</comments>
		<pubDate>Thu, 27 Dec 2007 22:31:20 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Mortgage Brokers</category>
	<category>Mortgage Blog</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/12/27/are-mortgage-brokers-ancient-history/</guid>
		<description><![CDATA[The mortgage and real estate industry has resembled a battlefield marred with carnage and destruction with what appears to have no end in sight. 210 imploded lenders and thousands of mortgage, real estate professionals and anything related to these professions in one way, shape or form, litter the path of no jobs and no hope.

Read [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/12/27/are-mortgage-brokers-ancient-history/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>The Original Subprime Crisis</title>
		<link>http://brokerwatchdog.com/2007/12/27/the-original-subprime-crisis/</link>
		<comments>http://brokerwatchdog.com/2007/12/27/the-original-subprime-crisis/#comments</comments>
		<pubDate>Thu, 27 Dec 2007 11:49:54 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Corruption</category>
	<category>Mortgage Blog</category>
	<category>Subprime lenders</category>
	<category>subprime meltdown</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/12/27/the-original-subprime-crisis/</guid>
		<description><![CDATA[WHILE critics of today&#8217;s mortgage crisis call for government intervention to suppress subprime lending, few are aware that government intervention created subprime mortgages in the first place. 

The National Housing Act of 1968, part of President Lyndon Johnson&#8217;s Great Society, provided government-subsidized loans to expand home ownership for poor Americans. Liberal policymakers hoped that these [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/12/27/the-original-subprime-crisis/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>Prosecutors Can&#8217;t keep Up With Mortgage Fraud</title>
		<link>http://brokerwatchdog.com/2007/12/26/prosecutors-cant-keep-up-with-mortgage-fraud/</link>
		<comments>http://brokerwatchdog.com/2007/12/26/prosecutors-cant-keep-up-with-mortgage-fraud/#comments</comments>
		<pubDate>Wed, 26 Dec 2007 04:01:41 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Law</category>
	<category>Scams</category>
	<category>Fraud</category>
	<category>Mortgage Blog</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/12/26/prosecutors-cant-keep-up-with-mortgage-fraud/</guid>
		<description><![CDATA[The number of mortgage fraud cases has grown so fast that government agencies that investigate and prosecute them cannot keep up, lenders and law enforcement officials have said.

Reports of suspected mortgage fraud have doubled since 2005 and increased eightfold since 2002. Banks filed 47,717 reports this year, up from 21,994 two years ago, according to [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/12/26/prosecutors-cant-keep-up-with-mortgage-fraud/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>No Reason To Pay The Mortgage</title>
		<link>http://brokerwatchdog.com/2007/12/26/no-reason-to-pay-the-mortgage/</link>
		<comments>http://brokerwatchdog.com/2007/12/26/no-reason-to-pay-the-mortgage/#comments</comments>
		<pubDate>Wed, 26 Dec 2007 00:27:02 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Housing Market</category>
	<category>Mortgage News</category>
	<category>Finance</category>
	<category>Economy</category>
	<category>Cuture</category>
	<category>Credit</category>
	<category>Loans</category>
	<category>Mortgage Blog</category>
	<category>Housing Crash</category>
	<category>Lenders</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/12/26/no-reason-to-pay-the-mortgage/</guid>
		<description><![CDATA[THE Dow soared 200 points in a Christmas rush on Friday that belied emerging details that US banking, mortgage companies and credit rating faced collapse while the nation&#8217;s mortgage insurance industry plunged into chaos.

Nearly 180,000 US local councils were placed on credit watch, with the credit agency Fitch releasing another $US5.3 billion in credit downgrades [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/12/26/no-reason-to-pay-the-mortgage/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>FHA Secure Has Been A Flop!</title>
		<link>http://brokerwatchdog.com/2007/12/18/fha-secure-has-been-a-flop/</link>
		<comments>http://brokerwatchdog.com/2007/12/18/fha-secure-has-been-a-flop/#comments</comments>
		<pubDate>Tue, 18 Dec 2007 19:05:45 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Mortgage News</category>
	<category>Credit</category>
	<category>Secondary Mortgage Market</category>
	<category>Mortgage Products</category>
	<category>Mortgage Blog</category>
	<category>Bond Market</category>
	<category>Housing Crash</category>
	<category>FHA</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/12/18/fha-secure-has-been-a-flop/</guid>
		<description><![CDATA[WASHINGTON, Dec 17 (Reuters) - A program unveiled by U.S. President George W. Bush in August that is trying to save tens of thousands of homeowners from foreclosure has aided just 266 borrowers so far, according to government data released on Monday.

The initiative, which helps high-risk or low-income borrowers win better loan terms by insuring [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/12/18/fha-secure-has-been-a-flop/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>There’s a new “Tricky Dick” in town…</title>
		<link>http://brokerwatchdog.com/2007/12/16/there%e2%80%99s-a-new-%e2%80%9ctricky-dick%e2%80%9d-in-town%e2%80%a6/</link>
		<comments>http://brokerwatchdog.com/2007/12/16/there%e2%80%99s-a-new-%e2%80%9ctricky-dick%e2%80%9d-in-town%e2%80%a6/#comments</comments>
		<pubDate>Sun, 16 Dec 2007 19:52:38 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Economy</category>
	<category>Credit</category>
	<category>Corruption</category>
	<category>Mortgage Blog</category>
	<category>Government</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/12/16/there%e2%80%99s-a-new-%e2%80%9ctricky-dick%e2%80%9d-in-town%e2%80%a6/</guid>
		<description><![CDATA[So it was that Henry Paulson came up with an idea&#8230; the &#8216;teaser freezer&#8216; plan. The ARM teaser freezer is being sold to the public as a way to protect homeowners. But it has another purpose, says a reporter from the San Francisco Gate, to help save the banks from their own bad judgment.


Read more&#8230;
	]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/12/16/there%e2%80%99s-a-new-%e2%80%9ctricky-dick%e2%80%9d-in-town%e2%80%a6/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>Did securitization work?</title>
		<link>http://brokerwatchdog.com/2007/12/11/did-securitization-work/</link>
		<comments>http://brokerwatchdog.com/2007/12/11/did-securitization-work/#comments</comments>
		<pubDate>Tue, 11 Dec 2007 18:15:56 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Housing Market</category>
	<category>Mortgage Rates</category>
	<category>Mortgage News</category>
	<category>Secondary Mortgage Market</category>
	<category>Mortgage Products</category>
	<category>Mortgage Blog</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/12/11/did-securitization-work/</guid>
		<description><![CDATA[SAN FRANCISCO (MarketWatch) &#8212; Securitization, hailed as the greatest financial innovation of the 20th century, isn&#8217;t getting such rave reviews anymore after this summer&#8217;s subprime mortgage crisis exposed some weaknesses. With global credit markets still in crisis, experts have already begun debating the benefits and the drawbacks of the process.

Read more&#8230;
	]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/12/11/did-securitization-work/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>90% fewer buyers for five-times the number of homes</title>
		<link>http://brokerwatchdog.com/2007/12/11/90-fewer-buyers-for-five-times-the-number-of-homes/</link>
		<comments>http://brokerwatchdog.com/2007/12/11/90-fewer-buyers-for-five-times-the-number-of-homes/#comments</comments>
		<pubDate>Tue, 11 Dec 2007 04:44:06 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Housing Market</category>
	<category>Real Estate</category>
	<category>Mortgage Blog</category>
	<category>Housing Crash</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/12/11/90-fewer-buyers-for-five-times-the-number-of-homes/</guid>
		<description><![CDATA[Herb Greenberg

Even before this mortgage mess started, one person who kept emailing me over and over saying that this is going to get real bad. He kept saying this was beyond sub-prime, beyond low FICO scores, beyond Alt-A and beyond the imagination of most pundits, politicians and the press. When I asked him why somebody [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/12/11/90-fewer-buyers-for-five-times-the-number-of-homes/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>The Biggest Mess Since 1929</title>
		<link>http://brokerwatchdog.com/2007/12/08/the-biggest-mess-since-1929/</link>
		<comments>http://brokerwatchdog.com/2007/12/08/the-biggest-mess-since-1929/#comments</comments>
		<pubDate>Sat, 08 Dec 2007 16:59:10 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Housing Market</category>
	<category>Finance</category>
	<category>Credit</category>
	<category>FED</category>
	<category>bubbles</category>
	<category>Mortgage Blog</category>
	<category>Bond Market</category>
	<category>Housing Crash</category>
	<category>credit crunch</category>
	<category>Liquidity Crisis</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/12/08/the-biggest-mess-since-1929/</guid>
		<description><![CDATA[It was Charles Mackay, the 19th-century Scottish journalist, who observed that men go mad in herds but only come to their senses one by one. 

We are only at the beginning of the financial world coming to its senses after the bursting of the biggest credit bubble the world has seen. Everyone seems to acknowledge [...]]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/12/08/the-biggest-mess-since-1929/feed/</wfw:commentRSS>
		</item>
		<item>
		<title>Equifax Red Flags Adjustable Mortgage Holders</title>
		<link>http://brokerwatchdog.com/2007/11/29/equifax-red-flags-adjustable-mortgage-holders/</link>
		<comments>http://brokerwatchdog.com/2007/11/29/equifax-red-flags-adjustable-mortgage-holders/#comments</comments>
		<pubDate>Thu, 29 Nov 2007 16:54:33 +0000</pubDate>
		<dc:creator>Godfather</dc:creator>
		
	<category>Credit</category>
	<category>Mortgage Blog</category>
	<category>credit crunch</category>
		<guid isPermaLink="false">http://brokerwatchdog.com/2007/11/29/equifax-red-flags-adjustable-mortgage-holders/</guid>
		<description><![CDATA[Credit reporting agency Equifax recently unveiled a new rating system that identifies credit seekers who may have an adjustable rate mortgage. The ARM Predictor is meant to minimize risks for lenders, but some consumer advocates worry that the system will hurt borrowers and lead to higher rates on loans and credit cards. 


Read more&#8230;

&#160;
	]]></description>
		<wfw:commentRSS>http://brokerwatchdog.com/2007/11/29/equifax-red-flags-adjustable-mortgage-holders/feed/</wfw:commentRSS>
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