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	<title>illinoishomemortgagerates.com</title>
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	<link>http://illinoishomemortgagerates.com</link>
	<description>Mortgage &#38; Real Estate Industry News &#38; Updates From a 25 Year Mortgage Professional</description>
	<lastBuildDate>Thu, 19 Aug 2010 13:34:45 +0000</lastBuildDate>
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		<title>Mortgage Update:  5 Common Mistakes That Can Cripple Your Credit Score!</title>
		<link>http://illinoishomemortgagerates.com/mortgage-update-5-common-mistakes-that-can-cripple-your-credit-score/</link>
		<comments>http://illinoishomemortgagerates.com/mortgage-update-5-common-mistakes-that-can-cripple-your-credit-score/#comments</comments>
		<pubDate>Thu, 19 Aug 2010 13:34:45 +0000</pubDate>
		<dc:creator>Chuck Murphy</dc:creator>
				<category><![CDATA[Credit News]]></category>
		<category><![CDATA[Mortgage News]]></category>

		<guid isPermaLink="false">http://illinoishomemortgagerates.com/?p=702</guid>
		<description><![CDATA[From Fox Business&#8230; Many people make some very simple, and well meaning, mistakes that can have major implications on their credit score and, adversely effect their ability to purchase or refinance that home!  Click the link below to get more information on 5 of these mistakes&#8230;
FIND 5 COMMON MISTAKES THAT CAN CRIPPLE YOUR CREDIT SCORE
]]></description>
			<content:encoded><![CDATA[<p><strong>From Fox Business&#8230; Many people make some very simple, and well meaning, mistakes that can have major implications on their credit score and, adversely effect their ability to purchase or refinance that home!  Click the link below to get more information on 5 of these mistakes&#8230;</strong></p>
<p><a href="http://www.foxbusiness.com/personal-finance/2010/08/17/common-mistakes-cripple-credit-score/" target="_blank"><span style="text-decoration: underline;"><strong>FIND 5 COMMON MISTAKES THAT CAN CRIPPLE YOUR CREDIT SCORE</strong></span></a></p>
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		<item>
		<title>Mortgage News:  More On The FHA MI Increase&#8230;</title>
		<link>http://illinoishomemortgagerates.com/mortgage-news-more-on-the-fha-mi-increase/</link>
		<comments>http://illinoishomemortgagerates.com/mortgage-news-more-on-the-fha-mi-increase/#comments</comments>
		<pubDate>Fri, 13 Aug 2010 16:12:41 +0000</pubDate>
		<dc:creator>Chuck Murphy</dc:creator>
				<category><![CDATA[Mortgage News]]></category>
		<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://illinoishomemortgagerates.com/?p=696</guid>
		<description><![CDATA[While the FHA mortgage insurance increase has been delayed by a month (October 4th now), the reasons for it have become cloudy!
I couldn&#8217;t agree with Frank and Brian&#8217;s take on this more!!!
Click the link below to view.
When Are Realtors, Loan Officers and Appraisers Going to Get Help?
]]></description>
			<content:encoded><![CDATA[<p>While the FHA mortgage insurance increase has been delayed by a month (October 4th now), the reasons for it have become cloudy!</p>
<p><strong>I couldn&#8217;t agree with Frank and Brian&#8217;s take on this more!!!</strong></p>
<p>Click the link below to view.</p>
<p><a href="http://www.thinkbigworksmall.com/mypage/archive/1/52767/" target="_blank"><strong>When Are Realtors, Loan Officers and Appraisers Going to Get Help?</strong></a></p>
]]></content:encoded>
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		<item>
		<title>Mortgage Update:  FHA Loan Costs Going Up In September!!</title>
		<link>http://illinoishomemortgagerates.com/mortgage-update-fha-loan-costs-going-up-in-september/</link>
		<comments>http://illinoishomemortgagerates.com/mortgage-update-fha-loan-costs-going-up-in-september/#comments</comments>
		<pubDate>Mon, 09 Aug 2010 17:19:33 +0000</pubDate>
		<dc:creator>Chuck Murphy</dc:creator>
				<category><![CDATA[Mortgage News]]></category>
		<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://illinoishomemortgagerates.com/?p=688</guid>
		<description><![CDATA[Thinking of buying a home?  Thinking of FHA financing?  Thinking of procrastinating a while longer?
The cost of mortgage insurance on FHA mortgage loans will be going up on all loans with FHA case numbers ordered on or after September 7, 2010!!  This could mean significant increases in your monthly cash flow for the SAME loan [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Thinking of buying a home?  Thinking of FHA financing?  Thinking of procrastinating a while longer?</strong></p>
<p><strong>The cost of mortgage insurance on FHA mortgage loans will be going up on all loans with FHA case numbers ordered on or after September 7, 2010!!  This could mean significant increases in your monthly cash flow for the SAME loan you&#8217;d take out today!!</strong></p>
<p><strong>Click on the link below for further details from Frank and Brian, the Think Big Work Small guys.<br />
</strong></p>
<p><em><strong><a href="http://www.thinkbigworksmall.com/mypage/archive/1/52542/" target="_blank">FHA Loan Costs Going Up!</a></strong></em></p>
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		</item>
		<item>
		<title>Mortgage Update:  New Credit Card Tricks</title>
		<link>http://illinoishomemortgagerates.com/mortgage-update-new-credit-card-tricks/</link>
		<comments>http://illinoishomemortgagerates.com/mortgage-update-new-credit-card-tricks/#comments</comments>
		<pubDate>Tue, 03 Aug 2010 18:06:32 +0000</pubDate>
		<dc:creator>Chuck Murphy</dc:creator>
				<category><![CDATA[Credit News]]></category>
		<category><![CDATA[Mortgage News]]></category>

		<guid isPermaLink="false">http://illinoishomemortgagerates.com/?p=679</guid>
		<description><![CDATA[The mortgage world is constantly changing and it seems almost impossible to catch up at times.  With the dramatic importance of good credit and credit scores, it would make sense to be ever vigilant of the changes in credit cards as well.  The Wall Street Journal did a very good job of summarizing some of [...]]]></description>
			<content:encoded><![CDATA[<p>The mortgage world is constantly changing and it seems almost impossible to catch up at times.  With the dramatic importance of good credit and credit scores, it would make sense to be ever vigilant of the changes in credit cards as well.  The Wall Street Journal did a very good job of summarizing some of the tricks that banks are playing in order to try to recapture some of the lost revenues that recent changes in credit card laws have thrust upon them.</p>
<p>See the story by clicking on the link below&#8230;</p>
<p><a href="http://online.wsj.com/article/SB10001424052748704895004575395823497473064.html?mod=WSJ_newsreel_personalFinance" target="_blank">A Consumer&#8217;s Guide to the Latest Credit Card Traps</a></p>
]]></content:encoded>
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		<item>
		<title>Lessons in the Mortgage Business:  Lesson #5</title>
		<link>http://illinoishomemortgagerates.com/lessons-in-the-mortgage-business-lesson-5/</link>
		<comments>http://illinoishomemortgagerates.com/lessons-in-the-mortgage-business-lesson-5/#comments</comments>
		<pubDate>Tue, 06 Jul 2010 18:40:50 +0000</pubDate>
		<dc:creator>Chuck Murphy</dc:creator>
				<category><![CDATA[Humor]]></category>

		<guid isPermaLink="false">http://illinoishomemortgagerates.com/?p=672</guid>
		<description><![CDATA[Lesson 5 
A turkey was chatting with a bull. &#8217;I would love to be able to get to the top of that tree&#8217; sighed the turkey, &#8216;but I haven&#8217;t got the energy.&#8217; &#8217;Well, why don&#8217;t you nibble on some of my droppings?&#8217; replied the bull. They&#8217;re packed with nutrients&#8230;&#8217; 
The turkey pecked at a lump of dung, [...]]]></description>
			<content:encoded><![CDATA[<p><strong><span style="color: #800080;"><span style="text-decoration: underline;">Lesson 5</span> </span></strong></p>
<p><strong>A turkey was chatting with a bull. &#8217;I would love to be able to get to the top of that tree&#8217; sighed the turkey, &#8216;but I haven&#8217;t got the energy.&#8217; &#8217;Well, why don&#8217;t you nibble on some of my droppings?&#8217; replied the bull. They&#8217;re packed with nutrients&#8230;&#8217; </strong></p>
<p><strong>The turkey pecked at a lump of dung, and found it actually gave him enough strength to reach the lowest branch of the tree. </strong></p>
<p><strong>The next day, after eating some more dung, he reached the second branch. </strong></p>
<p><strong>Finally after a fourth night, the turkey was proudly perched at the top of the tree. </strong></p>
<p><strong>He was promptly spotted by a farmer, who shot him out of the tree. </strong></p>
<p><strong><span style="color: #800080;"><span style="text-decoration: underline;">Moral of the story:</span> </span><em><br />
</em><span style="color: #0000ff;">Bull Shit might get you to the top, but it won&#8217;t keep you there. </span></strong></p>
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		<title>Lessons In The Mortgage Business:  Lesson #4</title>
		<link>http://illinoishomemortgagerates.com/lessons-in-the-mortgage-business-lesson-4/</link>
		<comments>http://illinoishomemortgagerates.com/lessons-in-the-mortgage-business-lesson-4/#comments</comments>
		<pubDate>Tue, 15 Jun 2010 13:42:04 +0000</pubDate>
		<dc:creator>Chuck Murphy</dc:creator>
				<category><![CDATA[Humor]]></category>

		<guid isPermaLink="false">http://illinoishomemortgagerates.com/?p=666</guid>
		<description><![CDATA[Lesson 4 
An eagle was sitting on a tree resting, doing nothing. 
A small rabbit saw the eagle and asked him, &#8216;Can I also sit like you and do nothing?&#8217; 
The eagle answered: &#8216;Sure, why not.&#8217; 
So, the rabbit sat on the ground below the eagle and rested. All of a sudden, a fox appeared, [...]]]></description>
			<content:encoded><![CDATA[<p><strong><span style="color: #993366;"><span style="text-decoration: underline;">Lesson 4</span> </span><br />
An eagle was sitting on a tree resting, doing nothing. </strong></p>
<p><strong>A small rabbit saw the eagle and asked him, &#8216;Can I also sit like you and do nothing?&#8217; </strong></p>
<p><strong>The eagle answered: &#8216;Sure, why not.&#8217; </strong></p>
<p><strong>So, the rabbit sat on the ground below the eagle and rested. All of a sudden, a fox appeared, jumped on the rabbit and ate it. <span style="text-decoration: underline;"><br />
</span></strong></p>
<p><strong><span style="color: #993366;"><span style="text-decoration: underline;">Moral of the story:</span> </span><em><br />
<span style="color: #0000ff;"><em>To be sitting and doing nothing, you must be sitting very, very high up.</em></span></em></strong></p>
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		<item>
		<title>Lessons In The Mortgage Business:  Lesson #3</title>
		<link>http://illinoishomemortgagerates.com/lessons-in-the-mortgage-business-lesson-3/</link>
		<comments>http://illinoishomemortgagerates.com/lessons-in-the-mortgage-business-lesson-3/#comments</comments>
		<pubDate>Wed, 09 Jun 2010 17:44:51 +0000</pubDate>
		<dc:creator>Chuck Murphy</dc:creator>
				<category><![CDATA[Humor]]></category>

		<guid isPermaLink="false">http://illinoishomemortgagerates.com/?p=657</guid>
		<description><![CDATA[Lesson 3: 
A loan officer, a processor, and the branch manager are walking to lunch when they find an antique oil lamp.
They rub it and a Genie comes out.
The Genie says, &#8216;I&#8217;ll give each of you just one wish.&#8217;

&#8216;Me first! Me first!&#8217; says the processor, &#8216;I want to be in the Bahamas, driving a speedboat, [...]]]></description>
			<content:encoded><![CDATA[<p><strong><span style="color: #993366;"><span style="text-decoration: underline;">Lesson 3:</span> </span><br />
A loan officer, a processor, and the branch manager are walking to lunch when they find an antique oil lamp.<br />
They rub it and a Genie comes out.<br />
The Genie says, &#8216;I&#8217;ll give each of you just one wish.&#8217;<br />
</strong></p>
<p><strong>&#8216;Me first! Me first!&#8217; says the processor, &#8216;I want to be in the Bahamas, driving a speedboat, without a care in the world.&#8217;<br />
</strong></p>
<p><strong>Puff! She&#8217;s gone. </strong></p>
<p><strong>&#8216;Me next! Me next!&#8217; says the loan officer. &#8216;I want to be in Hawaii , relaxing on the beach with my personal masseuse, an endless supply of Pina Coladas and the love of my life.&#8217;</strong></p>
<p><strong>Puff! He&#8217;s gone. </strong></p>
<p><strong>&#8216;OK, you&#8217;re up,&#8217; the Genie says to the branch manager.<br />
The manager says, &#8216;I want those two back in the office after lunch&#8217; <span style="text-decoration: underline;"><br />
</span></strong></p>
<p><strong><span style="color: #993366;"><span style="text-decoration: underline;">Moral of the story:</span> </span><em><br />
</em></strong><span style="color: #0000ff;"><strong><em>Always let your boss have the first say.</em></strong><strong> </strong></span></p>
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		<item>
		<title>Lessons In The Mortgage Business:  Lesson #2</title>
		<link>http://illinoishomemortgagerates.com/lessons-in-the-mortgage-business-lesson-2/</link>
		<comments>http://illinoishomemortgagerates.com/lessons-in-the-mortgage-business-lesson-2/#comments</comments>
		<pubDate>Tue, 08 Jun 2010 15:13:07 +0000</pubDate>
		<dc:creator>Chuck Murphy</dc:creator>
				<category><![CDATA[Humor]]></category>

		<guid isPermaLink="false">http://illinoishomemortgagerates.com/?p=651</guid>
		<description><![CDATA[Lesson 2: 
A priest offered a Nun a lift. 
She got in and crossed her legs, forcing her gown to reveal a leg. The priest nearly had an accident. 
After controlling the car, he stealthily slid his hand up her leg. The nun said, &#8216;Father, remember Psalm 129?&#8217; 
The priest removed his hand. But, changing gears, he [...]]]></description>
			<content:encoded><![CDATA[<p><strong><span style="color: #993366;"><span style="text-decoration: underline;">Lesson 2:</span> </span><br />
<span style="color: #000080;">A priest offered a Nun a lift. </span></strong></p>
<p><strong><span style="color: #000080;">She got in and crossed her legs, forcing her gown to reveal a leg. The priest nearly had an accident. </span></strong></p>
<p><strong><span style="color: #000080;">After controlling the car, he stealthily slid his hand up her leg. The nun said, &#8216;Father, remember Psalm 129?&#8217; </span></strong></p>
<p><strong><span style="color: #000080;">The priest removed his hand. But, changing gears, he let his hand slide up her leg again. The nun once again said, &#8216;Father, remember Psalm 129?&#8217; </span></strong></p>
<p><strong><span style="color: #000080;">The priest apologized &#8216;Sorry sister but the flesh is weak.&#8217; </span></strong></p>
<p><strong><span style="color: #000080;">Arriving at the convent, the nun sighed heavily and went on her way. </span></strong></p>
<p><strong><span style="color: #000080;">On his arrival at the church, the priest rushed to look up Psalm 129. It said, &#8216;Go forth and seek, further up, you will find glory.&#8217; </span></strong></p>
<p><strong><span style="text-decoration: underline;"><br />
<span style="color: #993366;">Moral of the story:</span></span><span style="color: #993366;"> </span><em><br />
<span style="color: #0000ff;"><em>If you are not well informed in your job, you might miss a great opportunity</em></span></em></strong></p>
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		<item>
		<title>Lessons In The Mortgage Business:  Lesson #1</title>
		<link>http://illinoishomemortgagerates.com/lessons-in-the-mortgage-business-lesson-1/</link>
		<comments>http://illinoishomemortgagerates.com/lessons-in-the-mortgage-business-lesson-1/#comments</comments>
		<pubDate>Thu, 03 Jun 2010 18:48:39 +0000</pubDate>
		<dc:creator>Chuck Murphy</dc:creator>
				<category><![CDATA[Humor]]></category>

		<guid isPermaLink="false">http://illinoishomemortgagerates.com/?p=642</guid>
		<description><![CDATA[Lesson 1:
A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs. 
When she opens the door, there stands Bob, the next-door neighbor. Before she says a word, Bob says, &#8216;I&#8217;ll give you $800 to drop [...]]]></description>
			<content:encoded><![CDATA[<p><strong><span style="color: #800080;"><span style="text-decoration: underline;">Lesson 1:</span></span><br />
<span style="color: #000080;">A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs. </span></strong></p>
<p><strong><span style="color: #000080;">When she opens the door, there stands Bob, the next-door neighbor. Before she says a word, Bob says, &#8216;I&#8217;ll give you $800 to drop that towel.&#8217; </span></strong></p>
<p><strong><span style="color: #000080;">After thinking for a moment, the woman drops her towel and stands naked in front of Bob, after a few seconds, Bob hands her $800 and leaves. </span></strong></p>
<p><strong><span style="color: #000080;">The woman wraps back up in the towel and goes back upstairs. When she gets to the bathroom, her husband asks, &#8216;Who was that?&#8217; </span></strong></p>
<p><strong><span style="color: #000080;">&#8216;It was Bob the next door neighbor,&#8217; she replies.<br />
&#8216;Great,&#8217; the husband says, &#8216;did he say anything about the $800 he owes me?&#8217; </span><br />
<span style="text-decoration: underline;"><br />
</span><span style="color: #ff0000;"><span style="color: #800080;"><span style="text-decoration: underline;">Moral of the story:</span> </span><em><br />
</em><span style="color: #3366ff;"><em>If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure. </em></span></span></strong></p>
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		<title>Mortgage Rates Hit a New Low!  Time To Get Off The Fence!</title>
		<link>http://illinoishomemortgagerates.com/mortgage-rates-hit-a-new-low/</link>
		<comments>http://illinoishomemortgagerates.com/mortgage-rates-hit-a-new-low/#comments</comments>
		<pubDate>Tue, 25 May 2010 12:57:55 +0000</pubDate>
		<dc:creator>Chuck Murphy</dc:creator>
				<category><![CDATA[Economic News]]></category>
		<category><![CDATA[Mortgage News]]></category>
		<category><![CDATA[Mortgage Rates]]></category>

		<guid isPermaLink="false">http://illinoishomemortgagerates.com/?p=635</guid>
		<description><![CDATA[Mortgage rates in Illinois, and the nation, have hit a new low.  Purchase or refinance&#8230; It may be time to make that move that you&#8217;ve been putting off!

Visit msnbc.com for breaking news, world news, and news about the economy
]]></description>
			<content:encoded><![CDATA[<p>Mortgage rates in Illinois, and the nation, have hit a new low.  Purchase or refinance&#8230; It may be time to make that move that you&#8217;ve been putting off!</p>
<p><object id="msnbc134d91" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="420" height="245" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="FlashVars" value="launch=37331968&amp;width=420&amp;height=245" /><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /><param name="wmode" value="opaque" /><param name="src" value="http://www.msnbc.msn.com/id/32545640" /><param name="name" value="msnbc134d91" /><param name="flashvars" value="launch=37331968&amp;width=420&amp;height=245" /><param name="allowfullscreen" value="true" /><embed id="msnbc134d91" type="application/x-shockwave-flash" width="420" height="245" src="http://www.msnbc.msn.com/id/32545640" name="msnbc134d91" wmode="opaque" allowfullscreen="true" allowscriptaccess="always" flashvars="launch=37331968&amp;width=420&amp;height=245"></embed></object></p>
<p style="font-size: 11px; font-family: Arial,Helvetica,sans-serif; color: #999999; margin-top: 5px; background: none repeat scroll 0% 0% transparent; text-align: center; width: 420px;">Visit msnbc.com for <a style="text-decoration: none ! important; border-bottom: 1px dotted #999999 ! important; font-weight: normal ! important; height: 13px; color: #5799db ! important;" href="http://www.msnbc.msn.com">breaking news</a>, <a style="text-decoration: none ! important; border-bottom: 1px dotted #999999 ! important; font-weight: normal ! important; height: 13px; color: #5799db ! important;" href="http://www.msnbc.msn.com/id/3032507">world news</a>, and <a style="text-decoration: none ! important; border-bottom: 1px dotted #999999 ! important; font-weight: normal ! important; height: 13px; color: #5799db ! important;" href="http://www.msnbc.msn.com/id/3032072">news about the economy</a></p>
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