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	<title>Obsolete Certainty &#187; mortgage</title>
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	<link>http://obsoletecertainty.com</link>
	<description>Following a world full of uncertainty.</description>
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		<title>Fannie and Freddie. Where is the Outrage?</title>
		<link>http://obsoletecertainty.com/fannie-and-freddie-where-is-the-outrage/</link>
		<comments>http://obsoletecertainty.com/fannie-and-freddie-where-is-the-outrage/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 09:10:13 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[executive bonus]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=56</guid>
		<description><![CDATA[It seems that AIG isn&#8217;t the only financial giant that is paying large executive bonuses after being bailed out by the U.S. Taxpayer.  Both Fannie Mae and Freddie Mac, the giant mortgage agencies, are reportedly set to pay over $210 million in bonuses over the next 18 months. However, absent this time are the steady [...]]]></description>
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		<title>RBS Post First Ever Loss</title>
		<link>http://obsoletecertainty.com/rbs-post-first-ever-loss/</link>
		<comments>http://obsoletecertainty.com/rbs-post-first-ever-loss/#comments</comments>
		<pubDate>Fri, 08 Aug 2008 10:37:00 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage meltdown]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=12</guid>
		<description><![CDATA[The Royal Bank of Scotland, the second largest bank in the U.K., posted a net loss which was the first loss recorded by the bank since becoming a public company 40 years ago.  However, the apparent good news is that the company believes that the $11.4 billion (U.S.) in write-downs announced earlier this year may [...]]]></description>
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		<title>Freddie Reports Loss</title>
		<link>http://obsoletecertainty.com/freddie-reports-loss/</link>
		<comments>http://obsoletecertainty.com/freddie-reports-loss/#comments</comments>
		<pubDate>Wed, 06 Aug 2008 10:35:58 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage meltdown]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=10</guid>
		<description><![CDATA[The mortgage meltdown continues as Freddie Mac reported a worse than expected loss in the second quarter driven by a $2.5 billion dollar provision for loan losses.  The second quarter loss of $821 million or $1.63 a share was significantly worse than analyst expectations.  Freddie will now cut the third quarter dividend and continue to [...]]]></description>
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		<title>Former Citi CEO Can&#8217;t Sell House</title>
		<link>http://obsoletecertainty.com/former-citi-ceo-cant-sell-house/</link>
		<comments>http://obsoletecertainty.com/former-citi-ceo-cant-sell-house/#comments</comments>
		<pubDate>Wed, 18 Jun 2008 22:09:31 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[busines]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[real estate crisis]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=4</guid>
		<description><![CDATA[Former Citigroup CEO Charles Prince, whose unemployment status is at least partially the result of the real estate crisis, is having trouble unloading a modest little home.  Prince has a five bedroom Tudor style home in Greenwich, Connecticut that has been on the market for six months. Unfortunately for Chuck, the mortgage crisis has put [...]]]></description>
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		<title>Short Sales Aren&#8217;t Easy.</title>
		<link>http://obsoletecertainty.com/short-sales-arent-easy/</link>
		<comments>http://obsoletecertainty.com/short-sales-arent-easy/#comments</comments>
		<pubDate>Sun, 15 Jun 2008 13:55:09 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[lending]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[short-sales]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=3</guid>
		<description><![CDATA[&#8220;Surprising&#8221; news today from the Los Angeles Times. Conducting short sale real estate transactions is not easy. Short sales, in which an underwater borrower sells the home for less than the loan balance to prevent a foreclosure, can be complicated, time consuming and sometimes impossible to complete. &#8220;The waiting is torture,&#8221; said Mark Shandrow, a [...]]]></description>
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