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		<title>DSNews.com Article Feed</title> 
		<link>http://www.dsnews.com</link> 
		<description>DSNews.com was conceived as the online counterpart to DS News (formerly REO Magazine),the default mortgage servicing industry's monthly media voice in print. Designed to be the industry's first news bureau and premier online destination, DSNews.com delivers up-to-the-minute news, daily broadcasts and a complete range of industry resources.</description> 
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			<title>DSNews.com Article Feed</title> 
			<url>http://www.dsnews.com/site/img/DSNewsLogoSmall.png</url> 
			<link>http://www.dsnews.com</link> 
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			<title>HUD Studies Suggest Counseling Keeps  Owners in Homes</title> 
			<link>http://www.dsnews.com/articles/hud-studies-suggest-counseling-keeps-owners-in-homes-2012-05-16</link> 
			<pubDate>Wed, 16 May 2012 14:27:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/hud-studies-suggest-counseling-keeps-owners-in-homes-2012-05-16</guid> 
			<description><![CDATA[Buying a home is the biggest financial investment many people will ever make. It’s also an investment that, in recent years, has become lost for millions. According to data from CoreLogic, since September 2008, there have been 3.5 million completed foreclosures. Through counseling, HUD found homeowners are more likely to stay in their properties, even when facing foreclosure. 

HUD released reports on two types of counseling: pre-purchase and foreclosure prevention. In both studies, HUD found housing counseling significantly improved the likelihood homeowners remained in their homes. For those who enrolled into pre-purchase counseling, HUD found that 35 percent of participants became homeowners within 18 months of pre-purchase counseling and only one of those buyers fell behind on mortgage payments.]]></description> 
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			<title>Auction.com Names New Managing Director</title> 
			<link>http://www.dsnews.com/articles/auctioncom-names-new-managing-director-2012-05-16</link> 
			<pubDate>Wed, 16 May 2012 13:35:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/auctioncom-names-new-managing-director-2012-05-16</guid> 
			<description><![CDATA[Auction.com announced that Andrew Platt will be the new managing director for the New York-based capital markets team.

Platt is a former senior member of the fixed income teams at UBS, Bank of America and Lehman Brothers. ]]></description> 
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			<title>RealtyProx Releases Updated Short Sale Software</title> 
			<link>http://www.dsnews.com/articles/realtyprox-releases-updated-short-sale-software-2012-05-16</link> 
			<pubDate>Wed, 16 May 2012 13:15:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/realtyprox-releases-updated-short-sale-software-2012-05-16</guid> 
			<description><![CDATA[RealtyProx announced the release of an updated version of its short sale processing software developed to automate short sale transactions and save time for real estate professionals.]]></description> 
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			<title>NTC Meets with Congress to Discuss Industry Issues</title> 
			<link>http://www.dsnews.com/articles/ntc-meets-with-congress-to-discuss-industry-issues-2012-05-16</link> 
			<pubDate>Wed, 16 May 2012 13:07:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/ntc-meets-with-congress-to-discuss-industry-issues-2012-05-16</guid> 
			<description><![CDATA[Nationwide Title Clearing (NTC) met with members of Congress and their staff on April 19 to discuss residential mortgage industry issues and to offer the company's support as a resource. ]]></description> 
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			<title>MBA: Delinquencies and Foreclosure Starts Down, Inventory Up Slightly</title> 
			<link>http://www.dsnews.com/articles/mba-delinquencies-and-foreclosure-starts-down-inventory-in-judical-states-still-high-2012-05-16</link> 
			<pubDate>Wed, 16 May 2012 12:34:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/mba-delinquencies-and-foreclosure-starts-down-inventory-in-judical-states-still-high-2012-05-16</guid> 
			<description><![CDATA[On a national level, delinquency rates and foreclosure starts decreased on a quarterly and yearly basis in the first quarter of 2012, with foreclosure inventory the exception, which increased slightly compared to the previous quarter, according to the Mortgage Bankers Association. The delinquency rate was 7.40 percent on a seasonally adjusted basis in the first quarter of 2012 compared to the 2011 fourth quarter rate of 7.58 percent and the year ago quarter's 8.32 percent. Foreclosure inventory, on the other hand, saw a small quarterly increase of 1 basis point after ending at 4.39 percent in the 2012 first quarter.]]></description> 
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			<title>Housing Permits Drop, Starts Increase; Permits Hit 15-Month Low</title> 
			<link>http://www.dsnews.com/articles/housing-permits-drop-as-starts-increase-in-steepest-decline-15-months-2012-05-16</link> 
			<pubDate>Wed, 16 May 2012 07:22:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/housing-permits-drop-as-starts-increase-in-steepest-decline-15-months-2012-05-16</guid> 
			<description><![CDATA[Housing permits dipped in April for the first time in four months, the Census Bureau and Department of Housing and Urban Development reported jointly Wednesday but housing starts improved. Both indicators remained far above year-earlier levels. The onth-over-month increase in starts in April appeared still larger because of a downward revision to March’s report. Economists surveyed by Bloomberg expected permits to drop month-over-month and starts to increase.]]></description> 
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			<title>Average U.S. Households Almost Out of Financial Distress</title> 
			<link>http://www.dsnews.com/articles/average-us-households-almost-out-of-state-financial-distress-2012-05-16</link> 
			<pubDate>Wed, 16 May 2012 05:01:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/average-us-households-almost-out-of-state-financial-distress-2012-05-16</guid> 
			<description><![CDATA[The Consumer Distress Index, published by CredAbility, found the average U.S. household is under less financial stress these days, most likely due to factors such as added jobs and the mild winter weather this year. Overall, U.S. households scored 69.9 out of 100 points, with a score under 70 indicating a state of financial distress. While still 0.1 points shy of rising above the distress category, the score is an improvement from the previous quarter’s 67.6. Also, 69.9 is the highest score since the 2008 third quarter and the 2.3 point increase from the previous quarter is the highest quarterly jump in seven years.]]></description> 
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			<title>OpExNow Hires Partner and Managing Director</title> 
			<link>http://www.dsnews.com/articles/opexnow-hires-partner-and-managing-director-2012-05-15</link> 
			<pubDate>Tue, 15 May 2012 17:03:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/opexnow-hires-partner-and-managing-director-2012-05-15</guid> 
			<description><![CDATA[OpExNowis announced the hiring of Stephen Faulkner as managing director of strategic business development and partner for the firm.]]></description> 
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			<title>With ResCap Deal, Ally Shifts From Home Loans to Auto Loans</title> 
			<link>http://www.dsnews.com/articles/with-rescap-deal-ally-shifts-from-home-loans-to-auto-2012-05-15</link> 
			<pubDate>Tue, 15 May 2012 16:46:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/with-rescap-deal-ally-shifts-from-home-loans-to-auto-2012-05-15</guid> 
			<description><![CDATA[After suffering from bad loans during the financial crisis, Ally Financial looks to close the books on its share of ownership in the mortgage business. Executives with Ally took to the phone with investors Tuesday to explain a filing for bankruptcy protection Monday by subsidiary Residential Capital LLC. The consensus: Residential mortgage loans are out for Ally and auto finance is back in the center.  Ally will still subservice loans via ResCap while it serves as counterparty to Fannie Mae and Freddie Mac.]]></description> 
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			<title>Housing Recovery to Occur in Two Phases: Demand Institute</title> 
			<link>http://www.dsnews.com/articles/demand-institute-predicts-recovery-will-occur-in-two-phases-this-year-and-2015-2012-05-15</link> 
			<pubDate>Tue, 15 May 2012 16:10:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/demand-institute-predicts-recovery-will-occur-in-two-phases-this-year-and-2015-2012-05-15</guid> 
			<description><![CDATA[The housing recovery will come in two phases. First, home prices will rise by just under 1 percent in the second half of 2012. In 2013, prices will rise by 1.5 percent, then go up another 2.5 percent in 2014. For the second phase, home prices will increase 3 to 3.5 percent between 2015 and 2017. These are the predictions from a report released by the Demand Institute, which is jointly operated by The Conference Board and Nielsen. The report, titled The Shifting Nature of U.S. Housing Demand, stated investors who buy rental properties will lead phase one of the recovery, as opposed to buyers who purchase properties as their own residence.]]></description> 
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			<title>Pro Teck Valuation: Home Listings Drop 21 Percent Nationwide</title> 
			<link>http://www.dsnews.com/articles/pro-teck-valuation-home-listings-drop-21-percent-nationwide-2012-05-15</link> 
			<pubDate>Tue, 15 May 2012 10:37:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/pro-teck-valuation-home-listings-drop-21-percent-nationwide-2012-05-15</guid> 
			<description><![CDATA[Nationwide, the number of homes listed for sale has fallen 21 percent from a year ago, according to Pro Teck Valuation Services' May Home Value Forecast. Also, the forecast reported Months of Remaining Inventory (MRI) is at 6.3 months, which is the lowest level since 2006. A strong market will have 0 to 5 months of inventory, a balanced market 6 to 10 months, and a soft market will have 11 to 15 months. From 2002 to 2005, when the housing market was booming, the national MRI was at or below 5 months.]]></description> 
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			<title>Barclays Advocates Short Sales to Lower Loss Severities</title> 
			<link>http://www.dsnews.com/articles/barclays-advocates-short-sales-to-lower-loss-severities-2012-05-15</link> 
			<pubDate>Tue, 15 May 2012 07:01:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/barclays-advocates-short-sales-to-lower-loss-severities-2012-05-15</guid> 
			<description><![CDATA[With vacant homes stretching the capacity of banks' balance sheets and homebuyer demand lackluster at best, short sales are becoming a top loss mitigation choice for private lenders and investors, particularly in especially hard-hit markets. According to Barclays Capital, the benefits of pursuing a short sale are compelling for servicers and investors who are able to liquidate delinquent loans in an expedited fashion with fewer payment and interest (P&I) advances and who take "quasi" possession of the property in better condition and at better prices than REO, lowering severities.]]></description> 
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			<title>Builder Confidence Up to Five-Year High in May</title> 
			<link>http://www.dsnews.com/articles/builder-confidence-up-to-five-year-high-in-may-2012-05-15</link> 
			<pubDate>Tue, 15 May 2012 06:47:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/builder-confidence-up-to-five-year-high-in-may-2012-05-15</guid> 
			<description><![CDATA[Builder confidence jumped five points in in May to 29, its highest level since May 2007, the National Association of Home Builders reported Tuesday. Economists had expected the index to edge up to 26 in May. The month-month increase was the largest since April 2009. The total index in May was up 13 points from May 2011, the strongest year-over-year gain since April 2004. All three components of the index – current sales, sales six months out, and buyer traffic – showed strong increases in May, with buyer traffic and current sales conditions each rising five points while the projection of sales six months ahead increased three points.]]></description> 
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			<title>NAR Reports Members' Income Rose for First Time Since 2002</title> 
			<link>http://www.dsnews.com/articles/nar-reports-members-income-increased-first-time-since-2002-2012-05-14</link> 
			<pubDate>Mon, 14 May 2012 14:35:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/nar-reports-members-income-increased-first-time-since-2002-2012-05-14</guid> 
			<description><![CDATA[For the first time since 2002, the National Association of Realtors (NAR) reported that income for its members increased in 2011. The median income of a member rose 2.3 percent to $34,900 in 2011. Members who are licensed as brokers typically earned $48,400 in 2011, while the median for sales agents was $27,200. 
For NAR members who have 16 or more years of experience, income earned was $50,200.  Members working 60 hours a week or more earned $80,900, and 17 percent of all members had a six-figure income.]]></description> 
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			<title>Higher Foreclosure Rates Bump Up Percentage of Serious Delinquencies</title> 
			<link>http://www.dsnews.com/articles/foreclosure-rate-rises-bumping-up-average-rates-for-serious-delinquencies-2012-05-14</link> 
			<pubDate>Mon, 14 May 2012 13:34:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/foreclosure-rate-rises-bumping-up-average-rates-for-serious-delinquencies-2012-05-14</guid> 
			<description><![CDATA[According to a report from Foreclosure-Response.org, the serious delinquency rate, which includes loans 90 or more days past due plus foreclosures, increased for the first time after a downward trend between December 2009 and June 2011. Serious delinquencies rose from 9.2 percent in June 2011 to 9.7 percent in December 2011 for the nation's 100 largest metropolitan areas. While the 90-plus delinquencies component of the percentage was flat at 3.8 percent and has remained largely unchanged for the past four quarters, foreclosure rates continue to rise, and now stand at 5.9 percent. In June 2011, the foreclosure rate was 5.5 percent.]]></description> 
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			<title>REO Allegiance CEO Recognized for Business Leadership</title> 
			<link>http://www.dsnews.com/articles/reo-allegiance-ceo-recognized-for-business-leadership-2012-05-14</link> 
			<pubDate>Mon, 14 May 2012 11:54:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/reo-allegiance-ceo-recognized-for-business-leadership-2012-05-14</guid> 
			<description><![CDATA[REO Allegiance, a national property preservation firm, recently announced that its president and CEO Lisa Sadaoui has been nominated and selected as a Leading Woman Entrepreneur and Business Owner of New Jersey by New Jersey Monthly Magazine. Nominees were selected for the award based on innovation, market potential, community involvement, and advocacy for women.]]></description> 
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			<title>FinCEN: Mortgage Loan Fraud Reports See Yearly Increases Since 1996</title> 
			<link>http://www.dsnews.com/articles/fincen-mortgage-loan-fraud-sees-yearly-increase-since-1996-2012-05-14</link> 
			<pubDate>Mon, 14 May 2012 11:22:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/fincen-mortgage-loan-fraud-sees-yearly-increase-since-1996-2012-05-14</guid> 
			<description><![CDATA[Out of seven different categories of fraud reported by depository institutions, mortgage loan fraud (MLF) saw the second great increase from 2010 to 2011 and had the highest number of suspicious activity report (SAR) filings, according to a report from the Financial Crimes Enforcement Network. MLF SARs increased nearly 31 percent to 92,028 in 2011 compared to 70,472 in 2010. Consumer loan fraud saw an even greater increasing, spiking 127 percent after reaching 32,285 filings in 2011 compared to 14,194 SARs in 2010.]]></description> 
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			<title>Ally's Mortgage Unit Files for Bankruptcy; New Strategies Announced</title> 
			<link>http://www.dsnews.com/articles/allys-mortgage-unit-files-for-bankruptcy-new-strategies-announced-2012-05-14</link> 
			<pubDate>Mon, 14 May 2012 09:05:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/allys-mortgage-unit-files-for-bankruptcy-new-strategies-announced-2012-05-14</guid> 
			<description><![CDATA[Ally Financial announced Monday that its mortgage arm Residential Capital (ResCap) filed for bankruptcy, enabling the bank to focus on strategies to pay back remaining bailout funds still owed to Treasury. ResCap filed for Chapter 11 bankruptcy in Manhattan federal court, and Ally announced it will sell some its international operations to pay back Treasury. The financial institution will also focus on strengthening its auto and banking businesses.]]></description> 
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			<title>Shadow Inventory: 46 Months to Clear Distressed Housing Supply</title> 
			<link>http://www.dsnews.com/articles/shadow-inventory-update-46-months-to-clear-supply-of-distressed-homes-2012-05-14</link> 
			<pubDate>Mon, 14 May 2012 07:06:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/shadow-inventory-update-46-months-to-clear-supply-of-distressed-homes-2012-05-14</guid> 
			<description><![CDATA[It will take 46 months to clear the market's supply of distressed homes, or the shadow inventory, according to estimates from Standard & Poor's Rating Services based on first-quarter 2012 data. While national residential mortgage liquidation rates appeared stable over the first three months of this year, these rates varied widely between local markets. Regional variations in how quickly servicers can clear the backlog of nonperforming loans are primarily due to differences in foreclosure procedures. S&P says its months-to-clear estimate in judicial states is almost 2.5x as long as non-judicial states.]]></description> 
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			<title>Settlement Monitor Launches New Online Complaint Tool</title> 
			<link>http://www.dsnews.com/articles/settlement-monitor-launches-new-online-complaint-tool-2012-05-11</link> 
			<pubDate>Fri, 11 May 2012 16:48:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/settlement-monitor-launches-new-online-complaint-tool-2012-05-11</guid> 
			<description><![CDATA[Consumer advocates now have the ability to report violations if their clients suspect any as the nation's five largest servicers complete requirements under the $25 billion settlement. Speaking at a conference hosted by the National Community Reinvestment Coalition, Joseph A. Smith, Jr., the settlement monitor, announced the standup of a website portal for complaints about servicers. A statement said that the monitor will use any information gathered from the online tool to oversee implementation of the agreement with servicers.]]></description> 
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			<title>Three Refinancing Bills Propose Cutting Red Tape to Expand Eligibility</title> 
			<link>http://www.dsnews.com/articles/three-refinancing-bills-to-cut-through-red-tape-2012-05-11</link> 
			<pubDate>Fri, 11 May 2012 15:41:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/three-refinancing-bills-to-cut-through-red-tape-2012-05-11</guid> 
			<description><![CDATA[At a time when mortgage rates have hit record-low numbers, HUD Secretary Shaun Donovan stressed urgency in getting housing refinance bills on President Barack Obama's to-do list for Congress passed. During a teleconference Friday, which preceded Obama's stop into Reno, Nevada, to boost support for the housing proposals, Donovan outlined three bills that were introduced to Congress that week. Donovan says the bills would save homeowners an average of $2,500 to $3,000 a year.]]></description> 
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			<title>UBS Hires Global Head of Real Estate, Leisure, and Lodging</title> 
			<link>http://www.dsnews.com/articles/ubs-hires-global-head-of-real-estate-leisure-and-lodging-2012-05-11</link> 
			<pubDate>Fri, 11 May 2012 14:22:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/ubs-hires-global-head-of-real-estate-leisure-and-lodging-2012-05-11</guid> 
			<description><![CDATA[UBS announced the hiring of Peter Baccile as global head of real estate, leisure and lodging within the investment banking department, the company stated in an internal memo.]]></description> 
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			<title>VPS Releases Advanced Alarm Technology for Vacant Properties</title> 
			<link>http://www.dsnews.com/articles/vps-releases-advanced-alarm-technology-for-vacant-properites-2012-05-11</link> 
			<pubDate>Fri, 11 May 2012 13:51:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/vps-releases-advanced-alarm-technology-for-vacant-properites-2012-05-11</guid> 
			<description><![CDATA[Vacant Property Specialists (VPS) launched SmartAlarm Gold, an advanced alarm technology to offer greater protection for vacant properties.]]></description> 
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			<title>Florida Seeing Rapid Revivals but Still Haunted by Shadow Inventory</title> 
			<link>http://www.dsnews.com/articles/florida-reviving-but-distressed-properties-still-be-an-issue-over-next-10-years-2012-05-11</link> 
			<pubDate>Fri, 11 May 2012 12:21:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/florida-reviving-but-distressed-properties-still-be-an-issue-over-next-10-years-2012-05-11</guid> 
			<description><![CDATA[As one of the hardest hit states during the real estate downturn, Florida often pops up in market reports as having a noticeably higher foreclosure rate than other states. Even so, the state is also becoming recognized for how quickly some of its markets are climbing out of the housing slump. For example, the National Association of Realtors recently cited data from Move Inc. showing the top 10 turnaround markets. Seven out of 10 were in Florida. Yet, a recent report from Florida Realtors stated that while Florida is in a revival period, distressed properties will remain a big factor for the next 10 years.]]></description> 
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			<title>NAR Finds Income to Qualify for Mortgage Well-Below U.S. Median</title> 
			<link>http://www.dsnews.com/articles/nar-finds-income-to-qualify-for-mortgage-well-below-us-median-2012-05-11</link> 
			<pubDate>Fri, 11 May 2012 09:54:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/nar-finds-income-to-qualify-for-mortgage-well-below-us-median-2012-05-11</guid> 
			<description><![CDATA[Interest rates continue to slide further down alongside the decline in home prices. In addition to these factors improving affordability for homeowners, the National Association of Realtors (NAR) found the amount of income needed to qualify for a mortgage is actually well below the median income in most parts of the U.S. The national median family income was $61,000 in the first quarter.  If a buyer wanted to purchase a home at the national median price, he or she would need an annual income of $34,700 if making a 5 percent downpayment. A 20 percent downpayment requires about $29,300.]]></description> 
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			<title>HUD Reaches $202M Settlement With Deutsche Bank</title> 
			<link>http://www.dsnews.com/articles/hud-reaches-202m-settlement-with-deutsche-bank-2012-05-10</link> 
			<pubDate>Thu, 10 May 2012 18:06:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/hud-reaches-202m-settlement-with-deutsche-bank-2012-05-10</guid> 
			<description><![CDATA[HUD announced Thursday that it reached a $202 million settlement with Deutsche Bank and Mortgageit over allegations of misconduct and false certifications with a government lender program. The agency said that Mortgageit acknowledged and accepted responsibility for false certifications it submitted to HUD in order to gain from a direct lender program under the Federal Housing Administration.]]></description> 
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			<title>CFPB Pursues Screening Standards for Mortgage Originators</title> 
			<link>http://www.dsnews.com/articles/cfpb-pursues-screening-standards-for-mortgage-originators-2012-05-10</link> 
			<pubDate>Thu, 10 May 2012 17:59:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/cfpb-pursues-screening-standards-for-mortgage-originators-2012-05-10</guid> 
			<description><![CDATA[The Consumer Financial Protection Bureau unveiled new rulemaking proposals Thursday that would require background checks for mortgage originators and complement a previous rule that prohibits loan officers from steering borrowers to higher-priced products. Together with these rules, others would provide consumers with discounts for paying mortgage origination points, mandate comparison plans for those interested in tracking different products, and ban brokerage firms from charging fees that vary by the loan size.]]></description> 
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			<title>Wells Conducting Background Checks and Fingerprinting Employees</title> 
			<link>http://www.dsnews.com/articles/wells-to-terminate-employees-with-criminal-record-involving-dishonesty-or-breach-of-trust-2012-05-10</link> 
			<pubDate>Thu, 10 May 2012 17:21:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/wells-to-terminate-employees-with-criminal-record-involving-dishonesty-or-breach-of-trust-2012-05-10</guid> 
			<description><![CDATA[Wells Fargo made a decision to terminate company employees with past criminal records involving dishonesty or breach of trust to comply with , the bank announced Thursday. 

The decision to terminate team members over criminal matters that occurred prior to their employment with Wells Fargo may seem tough  we recognize that these situations are difficult for everyone involved  but laws and regulations related to the employment of bank employees are designed to protect the interests of all consumers who put their trust in financial service companies, Wells Fargo said in the statement.]]></description> 
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			<title>Equator Adds VP of Marketing and Director of Operations</title> 
			<link>http://www.dsnews.com/articles/equator-adds-vp-of-marketing-and-director-operations-2012-05-10</link> 
			<pubDate>Thu, 10 May 2012 15:56:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/equator-adds-vp-of-marketing-and-director-operations-2012-05-10</guid> 
			<description><![CDATA[Equator, a default servicing platform provider, announced the addition of two senior executives to keep step with the company's growth.]]></description> 
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			<title>Freddie Mac Appoints Private Sector Banking Exec to CEO Post</title> 
			<link>http://www.dsnews.com/articles/freddie-mac-appoints-private-sector-banking-exec-to-ceo-post-2012-05-10</link> 
			<pubDate>Thu, 10 May 2012 15:53:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/freddie-mac-appoints-private-sector-banking-exec-to-ceo-post-2012-05-10</guid> 
			<description><![CDATA[Freddie Mac said Thursday that its board of directors has selected Donald H. Layton to serve as the company's new CEO. Layton will join the GSE on May 21, and will also have a seat on the board of directors. In October 2011, the Federal Housing Finance Agency announced that Charles E. Haldeman, Jr. had informed Freddie Mac's board of his desire to step down within the year. Haldeman served as the GSE's CEO since August 2009. Layton has had a long career in the private banking and financial services sectors. He worked for nearly 30 years at JPMorgan Chase and its predecessors and more recently, served as chairman and CEO of E*Trade Financial.]]></description> 
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			<title>LPS: Home Prices Increased, but We've Been Down This Road Before</title> 
			<link>http://www.dsnews.com/articles/lps-reports-slight-increase-in-prices-cautions-similiar-trend-has-occurred-before-2012-05-10</link> 
			<pubDate>Thu, 10 May 2012 15:31:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/lps-reports-slight-increase-in-prices-cautions-similiar-trend-has-occurred-before-2012-05-10</guid> 
			<description><![CDATA[For the first time since March 2010, data from Lender Processing Services (LPS) showed an increase in home prices, but still, the analytics company warned to embrace the positive news with some caution. Nationally, February 2012 seasonally-adjusted prices rose 0.2 percent, according to the LPS Home Price Index, which incorporated residential sales concluded during February. Not only is the increase a first in almost two years, but it's also the third increase in five years.]]></description> 
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			<title>HAMP Expands Eligibility to More Military Members</title> 
			<link>http://www.dsnews.com/articles/hamp-changes-can-expand-eligibility-to-more-military-members-2012-05-10</link> 
			<pubDate>Thu, 10 May 2012 12:03:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/hamp-changes-can-expand-eligibility-to-more-military-members-2012-05-10</guid> 
			<description><![CDATA[Starting June 1, military homeowners who are permanently displaced by a job-related move may still be able to be considered owner-occupants when applying for the Home Affordable Modification Program (HAMP). This change means more people could become eligible for the government's modification program to assist struggling homeowners.]]></description> 
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			<title>Rates Continue to Fall Hitting New Lows Amid Economic Concerns</title> 
			<link>http://www.dsnews.com/articles/rates-continue-to-fall-hitting-new-lows-amid-economic-concerns-2012-05-10</link> 
			<pubDate>Thu, 10 May 2012 10:08:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/rates-continue-to-fall-hitting-new-lows-amid-economic-concerns-2012-05-10</guid> 
			<description><![CDATA[Just when it seemed like rates could not fall any further, Freddie Mac reported fixed mortgage rates sunk even further for the week ending May 10. The 30-year fixed-rate mortgage averaged 3.83 percent (0.7 point), down slightly from last week's average of 3.84 percent. The 15-year fixed also moved downward, ending at 3.05 percent (0.7 point) this week. Alongside Freddie Mac's figures, Bankrate.com reported record low numbers after conducting its survey, which pulls data provided by the top 10 banks and thrifts in the top 10 markets. ]]></description> 
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			<title>Initial Unemployment Claims Dip</title> 
			<link>http://www.dsnews.com/articles/initial-unemployment-claims-dip-2012-05-10</link> 
			<pubDate>Thu, 10 May 2012 07:18:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/initial-unemployment-claims-dip-2012-05-10</guid> 
			<description><![CDATA[First time claims for unemployment insurance resumed their steady decline dipping 1,000 to 367,000 for the week ended May 5, the Labor Department reported Thursday after the previous week’s total was revised upward by 3,000 to 368,000, the highest level in five months.]]></description> 
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			<title>With $2.7B Profit, Fannie Mae Ends Q1 Without Drawing Taxpayer Funds</title> 
			<link>http://www.dsnews.com/articles/with-27b-profit-fannie-mae-closes-q1-without-drawing-taxpayer-funds-2012-05-09</link> 
			<pubDate>Wed, 09 May 2012 20:07:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/with-27b-profit-fannie-mae-closes-q1-without-drawing-taxpayer-funds-2012-05-09</guid> 
			<description><![CDATA[Fannie Mae said Wednesday that it brought in $2.7 billion dollars in net income during the first quarter of this year, and for the first time since it was seized by the government in September of 2008, the company does not need a draw of taxpayer funds from Treasury to get out of the red. Fannie Mae says its improving numbers can be traced to lower credit-related expenses as the decline in home prices slowed and the company shed some of its REO holdings.]]></description> 
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			<title>Ellie Mae Offers Buy-Back Insurance Option</title> 
			<link>http://www.dsnews.com/articles/ellie-mae-offers-buy-back-insurance-option-2012-05-09</link> 
			<pubDate>Wed, 09 May 2012 15:21:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/ellie-mae-offers-buy-back-insurance-option-2012-05-09</guid> 
			<description><![CDATA[Ellie Mae is adding a loan buy-back insurance option to its Total Quality Loan (TQL) program.]]></description> 
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			<title>Transaction Dynamics Adds to Its Management Team</title> 
			<link>http://www.dsnews.com/articles/transaction-dynamics-adds-to-its-management-team-2012-05-09</link> 
			<pubDate>Wed, 09 May 2012 14:25:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/transaction-dynamics-adds-to-its-management-team-2012-05-09</guid> 
			<description><![CDATA[Transaction Dynamics, a Roseville, California–based consulting firm, hired Lynn Effinger to join the company's management team as director of new business development.]]></description> 
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			<title>Fiserv Expects Home Prices to Stabilize This Year Despite Price Declines</title> 
			<link>http://www.dsnews.com/articles/fiserv-expects-home-prices-to-stabilize-this-year-then-rise-slowly-2012-05-09</link> 
			<pubDate>Wed, 09 May 2012 12:31:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/fiserv-expects-home-prices-to-stabilize-this-year-then-rise-slowly-2012-05-09</guid> 
			<description><![CDATA[Analyzing the housing market through the perspective of 384 markets, Fiserv Case-Shiller Indexes pointed to a slow, but steady pace toward recovery after dramatic price declines. According to the Fiserv indexes, in the fourth quarter of 2011, home prices in 70 of the 384 metro areas tracked were either unchanged or had increased compared to the same quarter a year ago. Also, 122 of the metros saw prices decline by less than 2 percent. On the other hand, nearly one-half of the metro areas, or 191, saw prices decrease by more than 2 percent.]]></description> 
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			<title>Delinquency Rate Reaches Lowest Level Since 2009: TransUnion</title> 
			<link>http://www.dsnews.com/articles/delinquency-rate-declines-to-lowest-level-since-2009-transunion-2012-05-09</link> 
			<pubDate>Wed, 09 May 2012 11:21:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/delinquency-rate-declines-to-lowest-level-since-2009-transunion-2012-05-09</guid> 
			<description><![CDATA[After declining during the 2012 first quarter, the national mortgage delinquency rate is at its lowest level since the first quarter of 2009 and finally dropped after two consecutive quarterly increases. TransUnion reported Wednesday that the national delinquency rate, which includes borrowers 60 or more days past due, is 5.78 percent for the first quarter of 2012, a quarterly and yearly drop when the rates were 6.01 percent and 6.19 percent, respectively.]]></description> 
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			<title>Profile of a Refinanced Loan in the First Quarter</title> 
			<link>http://www.dsnews.com/articles/profile-of-refinanced-loan-in-first-quarter-2012-05-09</link> 
			<pubDate>Wed, 09 May 2012 10:03:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/profile-of-refinanced-loan-in-first-quarter-2012-05-09</guid> 
			<description><![CDATA[According to Freddie Mac’s first quarter refinance analysis, 79 percent of homeowners who refinanced their first-lien mortgage either maintained or reduced their mortgage debt. Of these borrowers, 58 percent retained about the same loan amount, which is the highest level reached in the 26-year history of the analysis, while 21 percent managed to reduce their principal balance.]]></description> 
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			<title>HUD Secretary Wants to Break Through Refinancing Barriers</title> 
			<link>http://www.dsnews.com/articles/hud-secretary-wants-to-break-through-refinancing-barriers-2012-05-08</link> 
			<pubDate>Tue, 08 May 2012 17:28:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/hud-secretary-wants-to-break-through-refinancing-barriers-2012-05-08</guid> 
			<description><![CDATA[Solvency issues re-emerged for the Federal Housing Administration in a hearing convened Tuesday by the Senate Banking Committee, with HUD Secretary Shaun Donovan calling for lower loan-to-value thresholds and more servicer competition to expand refinance opportunities. The hearing quickly turned to servicer competition, which the HUD official said is lacking in part because of strict underwriting guidelines under Fannie Mae and Freddie Mac, inflating home prices and keeping refinance opportunities out of reach for many homeowners.]]></description> 
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			<title>In California, GSE-Backed Loans to Accept Funds for Reducing Principal</title> 
			<link>http://www.dsnews.com/articles/in-california-gse-backed-mortgages-will-soon-see-reduced-principal-balances-2012-05-08</link> 
			<pubDate>Tue, 08 May 2012 15:55:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/in-california-gse-backed-mortgages-will-soon-see-reduced-principal-balances-2012-05-08</guid> 
			<description><![CDATA[Due to one important adjustment, Fannie Mae and Freddie Mac might start accepting funds to be applied toward principal reduction in California. The Keep Your Home California program once required participants in its principal reduction program to match funds it provided towards reducing principal. Recently, housing finance agency officials from the state announced a decision to no longer require lenders to match the funds the program provides, the L.A. Times first reported.]]></description> 
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			<title>BofA to Offer Principal Writedowns to 200K Delinquent Borrowers</title> 
			<link>http://www.dsnews.com/articles/bank-of-america-to-offer-principal-writedowns-200k-delinquent-borrowers-2012-05-08</link> 
			<pubDate>Tue, 08 May 2012 15:53:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/bank-of-america-to-offer-principal-writedowns-200k-delinquent-borrowers-2012-05-08</guid> 
			<description><![CDATA[Bank of America began mailing out more than 200,000 letters this week targeting borrowers thought to be eligible for principal-reducing modifications under terms of the settlement reached with the federal government and 49 state attorneys general. To be eligible, a homeowner must owe more on the mortgage than the property is worth today and must have been at least 60 days behind on payments on January 31, 2012. BofA estimates average monthly savings of 30 percent for qualifying customers.]]></description> 
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			<title>Allonhill Hires Maria Sedlack for Newly Created Position</title> 
			<link>http://www.dsnews.com/articles/allonhill-hires-maria-sedlack-for-newly-created-position-2012-05-08</link> 
			<pubDate>Tue, 08 May 2012 15:20:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/allonhill-hires-maria-sedlack-for-newly-created-position-2012-05-08</guid> 
			<description><![CDATA[Allonhill, an independent third-party review firm specializing in mortgage due diligence and credit risk management, hired Maria Sedlack as director of investor relations management.

]]></description> 
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			<title>DataQuick Releases Valuation Tool for Assessing Portfolio Risks</title> 
			<link>http://www.dsnews.com/articles/dataquick-releases-valuation-tool-for-assessing-portfolio-risks-2012-05-08</link> 
			<pubDate>Tue, 08 May 2012 11:59:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/dataquick-releases-valuation-tool-for-assessing-portfolio-risks-2012-05-08</guid> 
			<description><![CDATA[DataQuick launched a valuation tool to help portfolio risk managers with correctly assessing default and loss severity risk. CMV-Portfolio is a flexible, automated valuation tool that uses confidence scores and configurable business rules to optimize portfolio risk management decisions.]]></description> 
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			<title>Home Prices in March Show Monthly Gain but Yearly Loss: CoreLogic</title> 
			<link>http://www.dsnews.com/articles/home-prices-show-monthly-gain-but-yearly-loss-corelogic-2012-05-08</link> 
			<pubDate>Tue, 08 May 2012 10:19:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/home-prices-show-monthly-gain-but-yearly-loss-corelogic-2012-05-08</guid> 
			<description><![CDATA[When including distressed sales, home prices rose month-over-month by the same percentage point as they dropped year-over-year. CoreLogic reported Tuesday in its March Home Price Index (HPI) that compared to a year ago, prices declined 0.6 percentin March, while prices rose 0.6 percent compared to the month before in February. The monthly gain when including distressed sales is the first time since July 2011. Distressed sales include short sales and REO transactions.]]></description> 
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			<title>Gerner &amp; Kearns Attorney Accepted as Fellow for State Bar Foundation</title> 
			<link>http://www.dsnews.com/articles/gerner-and-kearns-attorney-accepted-as-fellow-for-ohio-state-bar-foundation-2012-05-07</link> 
			<pubDate>Mon, 07 May 2012 15:50:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/gerner-and-kearns-attorney-accepted-as-fellow-for-ohio-state-bar-foundation-2012-05-07</guid> 
			<description><![CDATA[Gerner & Kearns Co. announced the acceptance of Daniel A. Cox, the firm's director of legal operations, as a fellow for the Ohio State Bar Foundation.]]></description> 
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			<title>IL Group's Customer Service Earns Repeat Business from Fay Financial</title> 
			<link>http://www.dsnews.com/articles/il-groups-customer-service-earns-repeat-business-from-fay-financial-2012-05-07</link> 
			<pubDate>Mon, 07 May 2012 15:42:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/il-groups-customer-service-earns-repeat-business-from-fay-financial-2012-05-07</guid> 
			<description><![CDATA[IL Group, a provider of customized lender placed insurance products and services headquartered in Gulf Shores, Alaska, has counted Chicago-based Fay Financial as a client for three years. The company announced last week that Fay Financial will continue to leverage IL Group for customized lender-placed and forced-placed insurance products and services to streamline workflow, improve efficiencies, and maintain regulatory compliance. IL Group also announced the launch of a new company website to better reflect its strategic vision and support anticipated growth.]]></description> 
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			<title>More than 200 Banks Pose High Risk of Failure: Trepp</title> 
			<link>http://www.dsnews.com/articles/more-than-200-banks-at-high-risk-of-failure-trepp-2012-05-07</link> 
			<pubDate>Mon, 07 May 2012 15:23:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/more-than-200-banks-at-high-risk-of-failure-trepp-2012-05-07</guid> 
			<description><![CDATA[While the pace of bank closings has slowed this year compared to the year before, in its bank failure report, Trepp noted that there are still more than 200 banks at high risk of failure as of the first quarter of 2012. More specifically, 209 banks are considered to be at high risk of failure on the Trepp Watchlist, three of which failed in April, leaving 204. The high-risk banks are more heavily concentrated in Georgia (41 banks), followed by Florida (32), Illinois (24), Minnesota (12), North Carolina (11), Tennessee (9) and Missouri (9).]]></description> 
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			<title>HOPE NOW Reports 207,000 Completed Mods for Q1</title> 
			<link>http://www.dsnews.com/articles/hope-now-reports-207000-completed-mods-for-q1-2012-05-07</link> 
			<pubDate>Mon, 07 May 2012 13:46:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/hope-now-reports-207000-completed-mods-for-q1-2012-05-07</guid> 
			<description><![CDATA[At 207,000 permanent loan modifications for homeowners from servicers for the first quarter of 2012, loan modifications decreased by 31 percent compared to a year ago this same quarter, according to data released by HOPE NOW. Of the total, approximately 147,000 were proprietary modifications and 60,225 were HAMP mods. Additionally, 72 percent, or 105,000, of the proprietary modifications had reduced principal and interest payments by more than 10 percent, and 77 percent of the mods included principal and interest payment reductions.]]></description> 
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			<title>FHFA Explains Intentions of REO-to-Rental Initiative</title> 
			<link>http://www.dsnews.com/articles/fhfa-clears-air-as-it-way-for-reo-initiative-2012-05-07</link> 
			<pubDate>Mon, 07 May 2012 12:37:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/fhfa-clears-air-as-it-way-for-reo-initiative-2012-05-07</guid> 
			<description><![CDATA[Clarification was offered Monday on misconceptions regarding the REO-to-Rental Initiative, currently in pilot stages. Meg Burns, FHFA's senior associate director for housing and regulatory policy, explained in testimony to lawmakers the purpose and intent of the pilot program, which involves the bulk sale of Fannie Mae REO properties to investors who will then convert their purchases into rental units. Burns made it clear that the program is highly targeted for select markets that have specific characteristics including an oversupply of single-family homes for sale and a strong demand for rental housing.]]></description> 
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			<title>Fannie Mae: Confidence in Economy and Home Values Increasing</title> 
			<link>http://www.dsnews.com/articles/fannie-mae-more-americans-expressing-confidence-in-economy-and-home-values-2012-05-07</link> 
			<pubDate>Mon, 07 May 2012 09:20:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/fannie-mae-more-americans-expressing-confidence-in-economy-and-home-values-2012-05-07</guid> 
			<description><![CDATA[The expectation for home prices and the percentage of those who think the U.S. economy is on the right path reached record all-time highs in Fannie Mae's April 2012 National Housing Survey. Americans continue to expect home prices to go up, with the projection averaging 1.3 percent over the next 12 months, the highest value recorded. The percentage of Americans who believe the economy is on the right track rose to 37 percent, a 2 point increase from the previous month and the highest level in the survey’s two-year history. Still, an even greater 56 percent believe the economy is moving in the wrong direction. ]]></description> 
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			<title>HAMP Activity Slides, HAFA Holds Steady</title> 
			<link>http://www.dsnews.com/articles/hamp-activity-slides-hafa-holds-steady-2012-05-07</link> 
			<pubDate>Mon, 07 May 2012 06:48:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/hamp-activity-slides-hafa-holds-steady-2012-05-07</guid> 
			<description><![CDATA[The government's Home Affordable Modification Program (HAMP) continues to add borrowers to its roster each month, but the pace has slowed. Data released Friday by Treasury and HUD shows the number of permanent HAMP mods granted during the month of March was down 10 percent from the month before and down 45 percent from March 2011. While HAMP activity has slowed, other government-assisted foreclosure alternatives in the form of short sales and deeds-in-lieu have held fairly steady.]]></description> 
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			<title>Treasury to Sell Investments in Small Banks Still in TARP Programs</title> 
			<link>http://www.dsnews.com/articles/treasury-to-auction-off-investments-from-small-banks-still-in-tarp-program-2012-05-04</link> 
			<pubDate>Fri, 04 May 2012 15:31:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/treasury-to-auction-off-investments-from-small-banks-still-in-tarp-program-2012-05-04</guid> 
			<description><![CDATA[While Treasury has stated it recovered $264 billion of the $245 billion invested in TARP, Treasury Assistant Secretary Timothy G. Massad said 343 banks still remain in TARP's taxpayer-funded bank programs. Most of these banks are smaller, community lenders and are having a more difficult time with raising funds from private investors in the capital markets to repay taxpayers, Massad explained in a Treasury blog Thursday.]]></description> 
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			<title>Texas Man Gets 61 Months in Prison for Foreclosure-Rescue Scheme</title> 
			<link>http://www.dsnews.com/articles/texas-man-gets-61-months-in-prison-for-foreclosure-rescue-scheme-2012-05-04</link> 
			<pubDate>Fri, 04 May 2012 12:16:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/texas-man-gets-61-months-in-prison-for-foreclosure-rescue-scheme-2012-05-04</guid> 
			<description><![CDATA[An Austin, Texas, man was sentenced Thursday to 61 months in prison for his role in a foreclosure-rescue scam that took place in Southern California and elsewhere, Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced Friday. 
Frederic Alan Gladle, 53, was charged in the Western District of Texas and ordered to forfeit $84,010 and 63 prepaid debit cards he used for his scheme, in addition to this sentence. Gladle pleaded guilty on January 6, 2012, to one count of bankruptcy fraud and one count of aggravated identity theft.]]></description> 
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			<title>Economists Give Their Take on April's Troubling Employment Numbers</title> 
			<link>http://www.dsnews.com/articles/economists-give-their-take-on-aprils-troubling-employment-numbers-2012-05-04</link> 
			<pubDate>Fri, 04 May 2012 10:25:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/economists-give-their-take-on-aprils-troubling-employment-numbers-2012-05-04</guid> 
			<description><![CDATA[The economy added 115,000 jobs, and the unemployment rate dropped to 8.1 percent. With an upward revision of 53,000, March's payroll growth is now 159,000. Economists expected payrolls to grow by 165,000 for April. The government sector cut 15,000 jobs, and the private sector added 130,000 jobs. With these reported numbers from the Bureau of Labor Statistics, economists from IHS Global Insight, Capital Economics, and Fannie Mae provided their own analysis on what the numbers really mean and what they may indicate for the future.]]></description> 
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			<title>DocMagic Offers Compliance Solutions Throughout the Loan Process</title> 
			<link>http://www.dsnews.com/articles/docmagic-offers-compliance-solutions-throughout-loan-process-2012-05-04</link> 
			<pubDate>Fri, 04 May 2012 08:47:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/docmagic-offers-compliance-solutions-throughout-loan-process-2012-05-04</guid> 
			<description><![CDATA[With compliance issues becoming a growing concern in the mortgage industry, Dominic Iannitti, president and CEO of DocMagic, advised loan originators to integrate automated loan file audits in their workflow from the time an applicant makes a submission to the time documents are prepared to be sent to the secondary market.]]></description> 
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			<title>Slow Growth: 115,000 Jobs Added In April, Unemployment Rate Down</title> 
			<link>http://www.dsnews.com/articles/payrolls-up-slow-115000-in-april-unemployment-rate-dips-2012-05-04</link> 
			<pubDate>Fri, 04 May 2012 06:35:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/payrolls-up-slow-115000-in-april-unemployment-rate-dips-2012-05-04</guid> 
			<description><![CDATA[The nation added 115,000 jobs in April, far below expectations and a drop from March’s revised payroll growth of 154,000, the Bureau of Labor Statistics reported Friday. The closely watched unemployment rate dipped again to 8.1 percent – its lowest level since January 2009 (7.8 percent) when President Obama took office – a function of a sharp drop in the nation’s labor force. 

Payroll gains for February and March were revised, adding 19,000 to the February numbers and 34,000 to March. The average workweek remained at 34.5 hours – still below the level when the recession began in December 2007 (34.6) and average hourly earnings improved by one cent. The number of people not in the labor force increased, as both the number of people employed and unemployed declined.]]></description> 
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			<title>Payment to Treasury Drags Freddie Mac to Net Worth Deficit</title> 
			<link>http://www.dsnews.com/articles/payment-to-treasury-drags-freddie-mac-net-worth-deficit-2012-05-03</link> 
			<pubDate>Thu, 03 May 2012 20:20:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/payment-to-treasury-drags-freddie-mac-net-worth-deficit-2012-05-03</guid> 
			<description><![CDATA[Freddie Mac reported net income of $577 million for the first quarter of 2012. That combined with $1.21 billion in unrealized gains on securities investments resulted in comprehensive income of $1.79 billion. The GSE's finances didn't sit in the black for very long, however. After a $1.8 billion dividend payment to its primary shareholder, the U.S. Treasury, Freddie's net worth was a deficit of $18 million. Looking at the GSE's loss mitigation numbers, short sales almost equaled the number of loan modifications during the first quarter.]]></description> 
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			<title>Trulia: Rent Prices Climb While Asking Prices Point Towards Recovery</title> 
			<link>http://www.dsnews.com/articles/trulia-rent-prices-climb-while-asking-point-towards-improvements-2012-05-03</link> 
			<pubDate>Thu, 03 May 2012 17:00:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/trulia-rent-prices-climb-while-asking-point-towards-improvements-2012-05-03</guid> 
			<description><![CDATA[While reports on home prices have been mostly uninspiring, with some flickering of hope here and there, rent prices continue to make significant strides, with rent increasing more than 10 percent compared to a year ago in certain markets,  according to findings Trulia released Thursday. Rent prices rose 5.6 percent in April compared to a year ago during the same month, Trulia reported. Good news was also in store for asking prices, which compared to the previous month of March, increased 0.5 percent in April on a seasonally adjusted basis.]]></description> 
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			<title>ICM Announces New Fannie Mae Direct Product</title> 
			<link>http://www.dsnews.com/articles/icm-announces-new-fannie-mae-direct-product-2012-05-03</link> 
			<pubDate>Thu, 03 May 2012 15:49:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/icm-announces-new-fannie-mae-direct-product-2012-05-03</guid> 
			<description><![CDATA[International City Mortgage (ICM) recently released ICM Fannie Mae Direct, a new conventional service retained home loan product. 
]]></description> 
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			<title>Is This Market 'Bottom' a True One That Will Stick?</title> 
			<link>http://www.dsnews.com/articles/is-this-bottom-true-one-that-will-stick-2012-05-03</link> 
			<pubDate>Thu, 03 May 2012 14:51:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/is-this-bottom-true-one-that-will-stick-2012-05-03</guid> 
			<description><![CDATA[During a CoreLogic economic webinar Thursday, the company's chief economist, Mark Fleming, Ph.D., was asked if the housing market has hit bottom and will it stick, as reports seem to be speculating. Apparently, the market was thought to have hit bottom twice before already. Fleming noted that this happened in 2010 when the home buyer tax credit was available and a second time in 2011 before the European debt crises, the Japanese earthquakes, and our own debt ceiling debate crushed consumer confidence.]]></description> 
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			<title>Armitage Research Hires Jayson Dammen as Managing Director</title> 
			<link>http://www.dsnews.com/articles/armitage-research-hires-jayson-dammen-as-managing-director-2012-05-03</link> 
			<pubDate>Thu, 03 May 2012 11:33:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/armitage-research-hires-jayson-dammen-as-managing-director-2012-05-03</guid> 
			<description><![CDATA[Armitage Research announced the appointment of Jayson Dammen as managing director for the company's traditional and mortgage finance business channels.]]></description> 
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			<title>Freddie Mac: Fixed-Rate Averages Hit Record-Low Numbers</title> 
			<link>http://www.dsnews.com/articles/new-record-low-numbers-for-fixed-rate-averages-2012-05-03</link> 
			<pubDate>Thu, 03 May 2012 10:47:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/new-record-low-numbers-for-fixed-rate-averages-2012-05-03</guid> 
			<description><![CDATA[Homebuyer affordability is even greater now with the fixed mortgage rates slipping to new record lows, according to Freddie Mac's Primary Mortgage Market Survey. The 30-year fixed averaged 3.84 percent (0.8 point) for the week ending May 3, down from the previous record low of 3.87 percent on February 9, 2012. The 15-year fixed mortgage averaged 3.07 percent (0.7 point), also below its all-time record low when it was 3.11 percent April 12 of this year.]]></description> 
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			<title>Initial Unemployment Claims Drop Sharply</title> 
			<link>http://www.dsnews.com/articles/initial-unemployment-claims-drop-sharply-2012-05-03</link> 
			<pubDate>Thu, 03 May 2012 07:25:00 -0500</pubDate> 
			<guid>http://www.dsnews.com/articles/initial-unemployment-claims-drop-sharply-2012-05-03</guid> 
			<description><![CDATA[First time claims fell a surprising 27,000 to 365,000 for the week ended April 28, the Labor Department reported Thursday after revisions drove the prior week’s report up by 4,000 to 392,000, the highest level in five months. Economists had expected initial claims would decrease to 378,000.]]></description> 
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