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	<title>Mortgage Explained &#187; sub prime lending</title>
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		<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>
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				<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>
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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>
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		<title>The Sub-prime Mortgage Crisis: A Vicious Cycle</title>
		<link>http://mortgage-explained.com/general/the-sub-prime-mortgage-crisis-a-vicious-cycle/</link>
		<comments>http://mortgage-explained.com/general/the-sub-prime-mortgage-crisis-a-vicious-cycle/#comments</comments>
		<pubDate>Mon, 25 Jan 2010 09:56:01 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage crisis]]></category>
		<category><![CDATA[sub prime lending]]></category>
		<category><![CDATA[The Sub prime Mortgage Crisis]]></category>

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The subprime mortgage crisis is an ongoing real estate crisis and fiscal crisis triggered by a spectacular increase in mortgage delinquencies and foreclosures in the United States, with major unfavorable repercussions for banks and monetary markets around the world. The crisis, which has its line in the closing years of the 20th century, became obvious [...]]]></description>
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