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	<lastBuildDate>Fri, 27 Jun 2008 06:16:04 +0000</lastBuildDate>
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		<title>The Next Real Estate Crisis</title>
		<description><![CDATA[Prashant Gopal / Business Week / Yahoo Finance
By April, 2009, hundreds of thousands of option ARM mortgages will begin resetting, bringing on a fresh wave of foreclosures.
The American homeowner must feel like one of those characters in an old cartoon who has just been hit by a falling piano. After dusting himself off and touching [...]]]></description>
		<link>http://frontlineforeclosureforum.com/blog2/2008/06/17/the-next-real-estate-crisis/</link>
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		<title>REQUIRED READING: LEGISLATIVE FRENZY IN CALIFORNIA</title>
		<description><![CDATA[FROM THE ORB / MICHAEL BELOTE
The mad rush by policymakers to do something in the wake of the mortgage and foreclosure crises has hit California with a vengeance.
Operating year-round and already the busiest state legislature in the country, California lawmakers have introduced a veritable tsunami of bills designed to address the rise in defaults and [...]]]></description>
		<link>http://frontlineforeclosureforum.com/blog2/2008/06/13/required-reading-legislative-frenzy-in-california/</link>
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		<title>Wild, Wild West: Housing Mother Lode Drained In Golden State</title>
		<description><![CDATA[ Broderick Perkins / Realty Times
It&#8217;s a lot like dusty prospectors packing up and leaving a mother lode of gold that&#8217;s been tapped out.
The massive home building shortfall in California has sparked an exodus of homebuilders leaving regions that were once housing boom towns.
California home builders have long held that the state needs 250,000 new [...]]]></description>
		<link>http://frontlineforeclosureforum.com/blog2/2008/06/12/wild-wild-west-housing-mother-lode-drained-in-golden-state/</link>
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		<title>Equity in Americans’ homes falls to historic low</title>
		<description><![CDATA[ Drops to 46.2 percent in first quarter — level not seen since end of WWII
Associated Press / MSNBC
NEW YORK - The equity Americans have in their most important asset — their homes — has dropped to its lowest level since the end of World War II.
Homeowners’ portion of equity slipped to 46.2 percent in [...]]]></description>
		<link>http://frontlineforeclosureforum.com/blog2/2008/06/11/equity-in-americans%e2%80%99-homes-falls-to-historic-low/</link>
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		<title>Homes in foreclosure top 1 million</title>
		<description><![CDATA[ Mortgage bankers report hits grim a benchmark in first quarter, showing a record number of homes in jeopardy.
Chris Isidore, CNNMoney.com senior writer
NEW YORK (CNNMoney.com) &#8212; More than one million homes are now in foreclosure, the highest rate ever recorded, according to a trade group which warned Thursday that number will continue to climb.
The Mortgage [...]]]></description>
		<link>http://frontlineforeclosureforum.com/blog2/2008/06/10/homes-in-foreclosure-top-1-million/</link>
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		<title>C.A.R. reports entry-level housing affordability rises 18 percentage points in first quarter</title>
		<description><![CDATA[CAR (California Association of Realtors)
The percentage of households that could afford to buy an entry-level home in California stood at 44 percent in the first quarter of 2008, compared with 26 percent for the same period a year ago, according to a report released by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).
C.A.R.’s First-time Buyer Housing Affordability [...]]]></description>
		<link>http://frontlineforeclosureforum.com/blog2/2008/06/09/car-reports-entry-level-housing-affordability-rises-18-percentage-points-in-first-quarter/</link>
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		<title>Subprime Debacle May Spark 2-Year Credit Crisis</title>
		<description><![CDATA[Reuters / CNBC
A &#8220;credit recession&#8221; sparked by the U.S. housing market downturn and excesses in structured finance may last more than two years, and the financial sector will undergo &#8220;massive consolidation,&#8221; two leading Wall Street strategists said Wednesday.
The fallout from deteriorating subprime mortgages and the broader housing and credit crisis will eventually lead to a [...]]]></description>
		<link>http://frontlineforeclosureforum.com/blog2/2008/06/09/subprime-debacle-may-spark-2-year-credit-crisis/</link>
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		<title>Home foreclosures set record in first quarter</title>
		<description><![CDATA[ JEANNINE AVERSA, AP / AOL Money
WASHINGTON (AP) - Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis&#8217; mounting damage to homeowners and the economy.
The latest snapshot of the mortgage market showed that the proportion of mortgages [...]]]></description>
		<link>http://frontlineforeclosureforum.com/blog2/2008/06/08/home-foreclosures-set-record-in-first-quarter/</link>
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		<title>Why It&#8217;s a Bad Time to Buy a House: High &#8216;Real&#8217; Mortgage Rates, Record Inventories</title>
		<description><![CDATA[Aaron Task / Yahoo Finance
The government reported Thursday that home prices fell 3.1% in the first quarter, the worst quarterly drop on record.
As bad as that sounds, the housing market is going to get worse, says Liz Ann Sonders, chief investment strategist at Charles Schwab &#038; Co.
Because home prices are depreciating, the &#8220;real&#8221; mortgage rate [...]]]></description>
		<link>http://frontlineforeclosureforum.com/blog2/2008/05/30/why-its-a-bad-time-to-buy-a-house-high-real-mortgage-rates-record-inventories/</link>
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		<title>Recent hiccups in prices are not a sign of recovery</title>
		<description><![CDATA[By Emmet Pierce / UNION-TRIBUNE STAFF WRITER
Nearly 50 San Diego County dwellings per day were lost to foreclosure in April, as the tally of mortgage failures rose 169 percent above last year, DataQuick Information Systems reported yesterday.
Buckling under the weight of risky adjustable-rate loans, many borrowers are giving up on ever bringing their debt current.
To [...]]]></description>
		<link>http://frontlineforeclosureforum.com/blog2/2008/05/22/recent-hiccups-in-prices-are-not-a-sign-of-recovery/</link>
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