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	<title>Reverse Mortgage News</title>
	<link>http://www.reverseresource.com</link>
	<description>News and Resources about Reverse Mortgages</description>
	<lastBuildDate>Thu, 04 Mar 2010 18:30:29 +0000</lastBuildDate>
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		<title>Why making homes affordable doesn&#8217;t work</title>
		<description><![CDATA[The complaints about the success &#8212; or lack thereof &#8212; of the Home  Affordable Modification Program (HAMP) are getting louder.
By all  accounts, the program is far less successful than government officials  had hoped. Out of 1 million homeowners who received a temporary loan  modification from their lenders, just 116,000 &#8212; or [...]]]></description>
		<link>http://www.reverseresource.com/2010/03/04/why-making-homes-affordable-doesnt-work/</link>
			</item>
	<item>
		<title>Real Estate Looks Risky, but Less So for Value Investors</title>
		<description><![CDATA[First, there was the default last month by  Tishman Speyer  Properties and BlackRock Realty on billions of dollars in loans on Stuyvesant Town and  Peter Cooper Village, the huge apartment complexes in Manhattan. When  the deal was done, in 2006, it was the biggest of its kind in American  history.
And [...]]]></description>
		<link>http://www.reverseresource.com/2010/03/02/real-estate-looks-risky-but-less-so-for-value-investors/</link>
			</item>
	<item>
		<title>Officials try to save ambulance subscription service to Pawcatuck residents</title>
		<description><![CDATA[Stonington, CT &#8212; For more than a half century, the  Westerly Ambulance Corps has allowed a large number of Pawcatuck  residents to buy a $35 annual subscription that pays for any costs not  covered by their own insurance or medicare.
But the ambulance  company had to end the offer and refund the [...]]]></description>
		<link>http://www.reverseresource.com/2010/03/01/officials-try-to-save-ambulance-subscription-service-to-pawcatuck-residents/</link>
			</item>
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		<title>It May Be Time To Give Up Adjustable-Rate Loan</title>
		<description><![CDATA[Low mortgage rates over the past year have inspired many Americans to  refinance their home loans, but some eligible borrowers haven&#8217;t made the  leap.
Often that reluctance to refinance stems from the fact that interest  rates on their adjustable-rate mortgages have fallen below 3% &#8211; a better  rate than they&#8217;d get by [...]]]></description>
		<link>http://www.reverseresource.com/2010/02/24/it-may-be-time-to-give-up-adjustable-rate-loan/</link>
			</item>
	<item>
		<title>Keen interest in mortgage interest</title>
		<description><![CDATA[When Toronto resident Celia Bernath files her  annual income tax return, she includes a long list of deductions from  her home-office income. After all, as a chartered accountant, she knows  that travel, bank charges, postage, courier, utility and other expenses  are fair game for the micro-entrepreneur. But the item that sometimes [...]]]></description>
		<link>http://www.reverseresource.com/2010/02/23/keen-interest-in-mortgage-interest/</link>
			</item>
	<item>
		<title>Mortgage fraud reports up 7.5 percent, US agency says</title>
		<description><![CDATA[Suspicious activity reports filed in the third quarter of 2009 showed a 7.5 percent increase in possible mortgage loan fraud over a year earlier, the Financial Crimes Enforcement Network (FinCEN) reported on Thursday.
Forty-two percent of the reported activity took place in California and Florida, while the greater Miami, Los Angeles and New York areas topped [...]]]></description>
		<link>http://www.reverseresource.com/2010/02/22/mortgage-fraud-reports-up-7-5-percent-us-agency-says/</link>
			</item>
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		<title>H-P unlikely target in IRS crackdown on foreign tax deals</title>
		<description><![CDATA[Tech giant joins banking, insurance firms in litigation with the government
Hewlett-Packard Co. has become an unlikely member of a group of companies targeted by the U.S. Internal Revenue Service in a coordinated legal assault on suspect international tax credits.
H-P is one of roughly a half-dozen firms, nearly all in the banking and insurance industries, now [...]]]></description>
		<link>http://www.reverseresource.com/2010/02/18/h-p-unlikely-target-in-irs-crackdown-on-foreign-tax-deals/</link>
			</item>
	<item>
		<title>Refinancers Primarily Opting For Fixed-Rate Mortgages: Freddie Mac</title>
		<description><![CDATA[In a nod to the effects of the real estate meltdown, Freddie Mac shows that mortgage borrowers, if not lenders, may have learned their lesson. According to Freddie Mac’s quarterly Product Transition Report for Q4, 2009, refinancers are overwhelmingly choosing fixed-rate loans, whether or not the original loan was an adjustable-rate mortgage (ARM) or a [...]]]></description>
		<link>http://www.reverseresource.com/2010/02/15/refinancers-primarily-opting-for-fixed-rate-mortgages-freddie-mac/</link>
			</item>
	<item>
		<title>State warns insurers on business with Iran</title>
		<description><![CDATA[On the eve of major demonstrations in Iran, California Insurance Commissioner Steve Poizner demanded Wednesday that insurers doing business in California withdraw $6 billion of investments they indirectly hold in Iranian nuclear, energy and defense companies that he said are backing the nation&#8217;s &#8220;rather evil&#8221; regime.
California law bans insurance companies doing business in the state [...]]]></description>
		<link>http://www.reverseresource.com/2010/02/11/state-warns-insurers-on-business-with-iran/</link>
			</item>
	<item>
		<title>Congress Worries About Commercial Real Estate</title>
		<description><![CDATA[There is growing concern in Congress that the shaky $6.7 trillion commercial real estate market could implode, delivering a major blow to the economic recovery. A bipartisan group of 79 House members led by Representative Paul E. Kanjorski, Democrat of Pennsylvania, and Representative Ken Calvert, Republican of California, sent a letter to the Treasury Department [...]]]></description>
		<link>http://www.reverseresource.com/2010/02/09/congress-worries-about-commercial-real-estate/</link>
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