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	<title>Mortgage Explained &#187; Basics</title>
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	<link>http://mortgage-explained.com</link>
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			<item>
		<title>Mortgage Acceleration Clause</title>
		<link>http://mortgage-explained.com/basics/mortgage-acceleration-clause/</link>
		<comments>http://mortgage-explained.com/basics/mortgage-acceleration-clause/#comments</comments>
		<pubDate>Wed, 26 May 2010 20:04:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[acceleration clause]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[lenders rights]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage acceleration clause]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=204</guid>
		<description><![CDATA[
An acceleration clause allows the lender to immediately call the loan due and payable in certain events. These events can range from selling the property to another person without paying the balance to the lender to making major changes to the property without informing or notifying the lender. These types of clauses are usually found [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is a Debt Service Coverage Ratio?</title>
		<link>http://mortgage-explained.com/basics/what-is-a-debt-service-coverage-ratio/</link>
		<comments>http://mortgage-explained.com/basics/what-is-a-debt-service-coverage-ratio/#comments</comments>
		<pubDate>Fri, 30 Apr 2010 18:53:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[Debt service coverage ratio]]></category>
		<category><![CDATA[DSCR]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=191</guid>
		<description><![CDATA[
The debt service coverage ratio (DSCR) is the ratio of cash on hand for debt servicing to interest, principal as well as lease payments. It is an accepted yardstick utilized in the measurement of an entity&#8217;s (person or corporation) capability to make sufficient cash to cover its liability (together with lease) payments. The higher this [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Federal Housing Administration: Supporting Mortgages</title>
		<link>http://mortgage-explained.com/basics/federal-housing-administration-supporting-mortgages/</link>
		<comments>http://mortgage-explained.com/basics/federal-housing-administration-supporting-mortgages/#comments</comments>
		<pubDate>Tue, 20 Apr 2010 18:39:07 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[Federal Housing Administration]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[freddie Macm]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[mortgage insurance]]></category>
		<category><![CDATA[mortgage markets]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=180</guid>
		<description><![CDATA[
The Federal Housing Administration (FHA) is a United States Government agency which was created in 1934 as a part of the National Housing Act of 1934. The main objectives of the FHA are to stabilize the mortgage market, provide insurance for mortgage loans, and to improve housing standards. In fact the FHA finds its roots [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/federal-housing-administration-supporting-mortgages/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Predatory Mortgage Servicing: Avoiding Being a Victim</title>
		<link>http://mortgage-explained.com/basics/predatory-mortgage-servicing-avoiding-being-a-victim/</link>
		<comments>http://mortgage-explained.com/basics/predatory-mortgage-servicing-avoiding-being-a-victim/#comments</comments>
		<pubDate>Tue, 13 Apr 2010 18:40:43 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[abusive mortgage servicing]]></category>
		<category><![CDATA[mortgage servicing]]></category>
		<category><![CDATA[predatory mortgage]]></category>
		<category><![CDATA[Predatory Mortgage Servicing]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=177</guid>
		<description><![CDATA[
Predatory Mortgage Servicing is a term that is used for describing the abusive, unfair, fraudulent or deceptive mortgage servicing practices used by the mortgage servicers. These mortgage servicers are a third party and is usually not the lender and thus mortgage servicers have the opportunity of deceiving the borrowers into paying more that required. Predatory [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hard Money Loan: Raw Deal</title>
		<link>http://mortgage-explained.com/basics/hard-money-loan-raw-deal/</link>
		<comments>http://mortgage-explained.com/basics/hard-money-loan-raw-deal/#comments</comments>
		<pubDate>Tue, 02 Feb 2010 17:16:52 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[Hard money loans]]></category>
		<category><![CDATA[last resort lending]]></category>
		<category><![CDATA[last resort loans]]></category>
		<category><![CDATA[sub prime lending]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=164</guid>
		<description><![CDATA[
A hard money loan is a type of asset backed financing which is secured by pledging the value of the property as collateral. These loans have very high interest rates and are never issued by commercial banks or other depository institutions. Those with a bad credit rating or a poor credit score can use the [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/hard-money-loan-raw-deal/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shared Appreciation Mortgage: Long Term Waste</title>
		<link>http://mortgage-explained.com/basics/shared-appreciation-mortgage-long-term-waste/</link>
		<comments>http://mortgage-explained.com/basics/shared-appreciation-mortgage-long-term-waste/#comments</comments>
		<pubDate>Tue, 02 Feb 2010 17:11:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[SAM]]></category>
		<category><![CDATA[Shared appreciation mortgage]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=161</guid>
		<description><![CDATA[
A shared appreciation mortgage (SAM) is one which is related to the appreciation of the property in a mortgage. This means that the lender will receive a part of the amount that has appreciated or increased over a specific period of time. There is a difference between such types of mortgages in the U.K and [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/shared-appreciation-mortgage-long-term-waste/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chapter 7 Bankruptcy</title>
		<link>http://mortgage-explained.com/basics/chapter-7-bankruptcy/</link>
		<comments>http://mortgage-explained.com/basics/chapter-7-bankruptcy/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 18:10:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[chapter 7]]></category>
		<category><![CDATA[chapter 7 bankruptcy]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=155</guid>
		<description><![CDATA[
In the United States chapter 7 bankruptcy is the most common among the various other types of bankruptcies available. This type of bankruptcy can be used by businesses as well as individuals which basically governs the process of liquidation. This feature of liquidation instead of reorganizing the debts sets chapter 7 bankruptcy apart from chapter [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/chapter-7-bankruptcy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What Are Mortgage Calculators?</title>
		<link>http://mortgage-explained.com/basics/what-are-mortgage-calculators/</link>
		<comments>http://mortgage-explained.com/basics/what-are-mortgage-calculators/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 18:04:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage assessment]]></category>
		<category><![CDATA[mortgage calculators]]></category>
		<category><![CDATA[mortgage value]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=152</guid>
		<description><![CDATA[
Mortgage calculators are used in determining the amount of mortgage or property that a person can afford. These calculators can also be used for comparing costs of several different loans and to calculate the impact of monthly or bi-weekly payments on the length of the mortgage. There are many variables that are taken into account [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/what-are-mortgage-calculators/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What Is Refinancing?</title>
		<link>http://mortgage-explained.com/basics/what-is-refinancing/</link>
		<comments>http://mortgage-explained.com/basics/what-is-refinancing/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 17:35:55 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[home equity]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[second mortgage loan]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=143</guid>
		<description><![CDATA[
Refinancing refers to the replacement of an existing debt obligation with a debt obligation comprising of different terms. The most widespread consumer refinancing is for a home mortgage.

If the substitution of debt takes place under financial suffering, it is instead called debt restructuring. Refinancing can change the monthly payments payable on the loan either by [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/what-is-refinancing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ginnie Mae: Boon Or Bane?</title>
		<link>http://mortgage-explained.com/basics/ginnie-mae-boon-or-bane/</link>
		<comments>http://mortgage-explained.com/basics/ginnie-mae-boon-or-bane/#comments</comments>
		<pubDate>Wed, 27 Jan 2010 17:42:39 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[Ginnie Mae]]></category>
		<category><![CDATA[GNMA]]></category>
		<category><![CDATA[government national mortgage association]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage association]]></category>
		<category><![CDATA[secondary mortgage market]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=125</guid>
		<description><![CDATA[
Ginnie Mae is an acronym for the Government National Mortgage Association which is a government owned corporation. It came into existence when the Federal national association was split into two parts and one was Fannie Mae which was a private enterprise and the other was Ginnie Mae. It comes under the Department of Housing and [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/ginnie-mae-boon-or-bane/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Process Of Foreclosure</title>
		<link>http://mortgage-explained.com/basics/the-process-of-foreclosure/</link>
		<comments>http://mortgage-explained.com/basics/the-process-of-foreclosure/#comments</comments>
		<pubDate>Wed, 27 Jan 2010 17:36:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage default]]></category>
		<category><![CDATA[The Process Of Foreclosure]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=122</guid>
		<description><![CDATA[
The process of foreclosure can be slow or it can be rapid. It completely depends on the state and the type of foreclosure that is being enforced. In the United States there are two basic types of foreclosures; a strict foreclosure or a deed in lieu of foreclosure gives rise to a deed that is [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/the-process-of-foreclosure/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Types Of Foreclosures</title>
		<link>http://mortgage-explained.com/basics/types-of-foreclosures/</link>
		<comments>http://mortgage-explained.com/basics/types-of-foreclosures/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 19:11:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[mortgage sale]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[Types Of Foreclosures]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=107</guid>
		<description><![CDATA[
A foreclosure is a legal proceeding in which the lender, who is usually the lien holder or mortgagee, obtains a court ordered termination of the borrowers or mortgagors equitable right of redemption. This simply means that the real estate or property is possessed by the lender from the mortgagor.

There are numerous types of foreclosures and [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Forbearance: A Temporary Option</title>
		<link>http://mortgage-explained.com/basics/forbearance-a-temporary-option/</link>
		<comments>http://mortgage-explained.com/basics/forbearance-a-temporary-option/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 18:55:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[Forbearance]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage forbearance]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=101</guid>
		<description><![CDATA[
Mortgagors now and then have troubles making payments. This might cause the mortgagee to initiate the foreclosure procedure. To keep away from foreclosure, the mortgagee and the mortgagor can create a contract called “forbearance”. According to this contract, the mortgagee postpones his right to carry out foreclosure if the mortgagor can come up to to [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/forbearance-a-temporary-option/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Broker: Tasks And Responsibilities</title>
		<link>http://mortgage-explained.com/basics/mortgage-broker-tasks-and-responsibilities/</link>
		<comments>http://mortgage-explained.com/basics/mortgage-broker-tasks-and-responsibilities/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 18:49:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage agents]]></category>
		<category><![CDATA[mortgage brokers]]></category>
		<category><![CDATA[mortgage intermediaries]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=97</guid>
		<description><![CDATA[
A mortgage broker is a person or an entity that acts as an intermediary between the mortgagee and the mortgagor. Historically lenders and banks used to directly offer their mortgage products to consumers or borrowers. However as markets have grown competitive, so has the role of the mortgage broker. This is because a broker can [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/mortgage-broker-tasks-and-responsibilities/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What Is A Second Mortgage?</title>
		<link>http://mortgage-explained.com/basics/what-is-a-second-mortgage-2/</link>
		<comments>http://mortgage-explained.com/basics/what-is-a-second-mortgage-2/#comments</comments>
		<pubDate>Tue, 19 Jan 2010 16:24:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[remortgage]]></category>
		<category><![CDATA[second mortgage]]></category>
		<category><![CDATA[secondary mortgage]]></category>
		<category><![CDATA[subordinate mortgage]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=89</guid>
		<description><![CDATA[
A second mortgage, as the name itself suggests, is a second secured loan or mortgage taken out on the same property. In the real estate business, a property can have multiple liens or loans against it and it would be possible to obtain third and even a fourth mortgage on a single piece of property. [...]]]></description>
		<wfw:commentRss>http://mortgage-explained.com/basics/what-is-a-second-mortgage-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Premium Protection: Insurance</title>
		<link>http://mortgage-explained.com/basics/mortgage-premium-protection-insurance/</link>
		<comments>http://mortgage-explained.com/basics/mortgage-premium-protection-insurance/#comments</comments>
		<pubDate>Tue, 19 Jan 2010 16:19:52 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[insurance]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage insurance]]></category>
		<category><![CDATA[Mortgage Premium Protection]]></category>
		<category><![CDATA[PMI]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=86</guid>
		<description><![CDATA[
Mortgage premium protection is a type of financial product offered in the United Kingdom. However a similar type of insurance is also available in the United States which is called mortgage insurance. In the United States, those who buy a home with less than 20% down payment are required to carry mortgage insurance.

In the United [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Underwriting</title>
		<link>http://mortgage-explained.com/basics/mortgage-underwriting/</link>
		<comments>http://mortgage-explained.com/basics/mortgage-underwriting/#comments</comments>
		<pubDate>Mon, 18 Jan 2010 13:24:17 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[mortgage risk]]></category>
		<category><![CDATA[Mortgage Underwriting]]></category>
		<category><![CDATA[risks]]></category>
		<category><![CDATA[underwriting]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=71</guid>
		<description><![CDATA[
Underwriting is a process by which the risk involved in any financial transaction is determined. The term underwriting has its roots in the risks undertaken by underwriters who literally wrote their names underneath the perils described. This started in the United Kingdom where underwriters used to evaluate and undertake risks on sea voyages involving large [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Amortization Explained</title>
		<link>http://mortgage-explained.com/basics/mortgage-amortization-explained/</link>
		<comments>http://mortgage-explained.com/basics/mortgage-amortization-explained/#comments</comments>
		<pubDate>Mon, 18 Jan 2010 11:17:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[amortization]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[Mortgage Amortization]]></category>
		<category><![CDATA[mortgage calculator]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=68</guid>
		<description><![CDATA[
Mortgage amortization simply means the reduction in the amount that is owed by the mortgagor. This reduction is the result of the periodic payments made by the mortgagor to the lender. The word amortization can be loosely defined as the slow “death” of a contract wherein the mortgagor is absolved and the contract fulfilled when [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Strategic Default Dilemma</title>
		<link>http://mortgage-explained.com/basics/strategic-default-dilemma/</link>
		<comments>http://mortgage-explained.com/basics/strategic-default-dilemma/#comments</comments>
		<pubDate>Sat, 16 Jan 2010 10:00:35 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[non payment]]></category>
		<category><![CDATA[Strategic Default]]></category>
		<category><![CDATA[strategic default mortgage]]></category>

		<guid isPermaLink="false">http://mortgage-explained.com/?p=60</guid>
		<description><![CDATA[
In these troubled economic times it is not unusual for the price of property and real estate to go down. In many cases the amount that is owed by the mortgagor or the borrower on the promissory note is much higher than the real cost of the property. Furthermore if the cost is going to [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What Is A Balloon Mortgage?</title>
		<link>http://mortgage-explained.com/basics/a-balloon-mortgage/</link>
		<comments>http://mortgage-explained.com/basics/a-balloon-mortgage/#comments</comments>
		<pubDate>Fri, 15 Jan 2010 09:34:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Basics]]></category>
		<category><![CDATA[A Balloon Mortgage]]></category>
		<category><![CDATA[mortgage]]></category>

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		<description><![CDATA[ A balloon mortgage is one that does not fully amortize and leaves a residual amount that is to be paid at the end of the term. This amount is usually very big and thus the name balloon mortgage. Such types of mortgages are common in commercial real estates compared to residential real estates. The [...]]]></description>
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