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	<title>FREE MORTGAGE NEWS 4U.COM&#187; FREE MORTGAGE NEWS 4 U.COM</title>
	<link>http://www.brendajarvis.com</link>
	<description>by Brenda Jarvis</description>
	<lastBuildDate>Tue, 16 Dec 2008 17:27:23 +0000</lastBuildDate>
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	<item>
		<title>Dose Of Humor</title>
		<description><![CDATA["And I love this idea. Congress wants to promote a car czar to oversee the auto industry. You know, even if he's half as successful as Bill Bennett was as the drug czar, oh, our problems will be solved. A car czar. What democracy has a czar?" --Jay Leno

"Why is it every time we have [...]]]></description>
		<link>http://www.brendajarvis.com/dose-of-humor-10/</link>
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		<title>FHA Streamline Refinance Transactions</title>
		<description><![CDATA[With rates falling to all time lows, people are starting to ask a lot of questions about FHA streamline refinances. Usually they begin with, “Does FHA have a stated income refinance program?” to which I promptly respond “No”. They do however have a streamline refinance program that is designed to refinance borrowers who already have [...]]]></description>
		<link>http://www.brendajarvis.com/fha-streamline-refinance-transactions/</link>
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		<title>Economy Lost Another 533,000 Jobs In Nov.</title>
		<description><![CDATA[Worst month since December 1974 brings total this year to 1.9 million

Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.

The new figures, released by the Labor Department Friday, showed the crucial employment market deteriorating at an [...]]]></description>
		<link>http://www.brendajarvis.com/economy-lost-another-533000-jobs-in-nov/</link>
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		<title>Under Proposal, 30-Year Mortgage Rate Would Drop To 4.5 Percent</title>
		<description><![CDATA[Treasury urged to cut mortgage rates:

Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market.

Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4.5 percent, Scott Talbott, a vice president at the Financial Services Roundtable, said [...]]]></description>
		<link>http://www.brendajarvis.com/under-proposal-30-year-mortgage-rate-would-drop-to-45-percent/</link>
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		<title>Bernanke: Lower Interest Rates Are 'Feasible'</title>
		<description><![CDATA[Fed chief says there are other ways agency may bolster economic activity

Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are “certainly feasible,” but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year.

The Fed’s key interest rate now stands at [...]]]></description>
		<link>http://www.brendajarvis.com/bernanke-lower-interest-rates-are-feasible/</link>
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		<title>U.S. Moves to Thaw Credit For Consumers</title>
		<description><![CDATA[Paulson: Programs aimed at getting lending to more normal levels



The government, still struggling to manage a severe financial crisis, unveiled two new programs Tuesday that will provide $800 billion to try to help unfreeze the market for consumer debt from home mortgages to credit cards.

The announcements by the Federal Reserve and the Treasury Department represented [...]]]></description>
		<link>http://www.brendajarvis.com/us-moves-to-thaw-credit-for-consumers/</link>
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		<title>Treasury Could Fund Subprime And Commercial</title>
		<description><![CDATA[
		$200B Treasury ABS Effort Could Fund Subprime, Commercial 
A new effort by the Treasury Department to revive the market for asset-backed securities could include "non-agency" mortgages, the government said today. 
		Initial MBS Euphoria Wears Off a Bit 
The Federal Reserve's plan to purchase up to $500 billion of housing-related government-sponsored enterprises' mortgage-backed securities as well [...]]]></description>
		<link>http://www.brendajarvis.com/treasury-could-fund-subprime-and-commercial/</link>
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		<title>Dose Of Humor</title>
		<description><![CDATA[• Talking about the economy over the weekend, Barack Obama said, “There are no quick, easy fixes.” To which Amy Winehouse said, “There are in my neighborhood.” --Jay Leno 

 

• Down in Washington, the big Capitol Hill Christmas tree arrived. The contract to decorate the tree went to Halliburton for $10 billion. --David Letterman

 

 

• Another [...]]]></description>
		<link>http://www.brendajarvis.com/dose-of-humor-9/</link>
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		<title>FHA Condos &#038; Right Of First Refusal</title>
		<description><![CDATA[I had a great question come in yesterday that I thought would make a great topic for this week’s article. An originator asked- “How does HUD define a homeowner association’s “right of first refusal” regarding condominium project review for approval or for spot loan review for approval? What does that term mean?”

The reason this question [...]]]></description>
		<link>http://www.brendajarvis.com/fha-condos-right-of-first-refusal/</link>
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		<title>Stocks May Open Up On Credit Aid Plan</title>
		<description><![CDATA[Investors focus on Fed, Treasury plan instead of GDP data

Wall Street is poised to extend its advance to a third day on the government's plan to aid companies that issue credit cards, make student loans and finance car purchases.

The Treasury Department and the Federal Reserve said Tuesday they plan to use $20 billion of the [...]]]></description>
		<link>http://www.brendajarvis.com/stocks-may-open-up-on-credit-aid-plan/</link>
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