Word: amounting
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Dates: during 2000-2009
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...inning. We don't see foreclosure activity peaking until sometime in 2010, and we probably won't be down to normal levels of foreclosure inventory until sometime in 2013. Year to date, we've already seen about 2.3 million households receive a foreclosure notice. That's roughly the same amount we had all of last year. We're looking at nearly 7 million households that are past due on their loans or already in foreclosure. There's a pipeline of potential trouble. (Read "Grass-Roots Efforts Aim to Ease the Foreclosure Crisis...
...qualify for those loan-modification programs. People with those problems will inevitably wind up going into foreclosure. Secondly, we're going to see a whole slew of option-ARM loans reset next year. In many cases, these properties are going to be upside on the loan amount. In other words, the homes will be worth less than what's owed on the loans. The only way these loans will qualify for modifications is if the lenders took a huge principal-balance write-off, and we just haven't seen any appetite for that...
...University with little or no money in their treasury. This has taken a turn. Now the graduating classes have run moneymaking events during their senior year with the assistance of the Harvard Alumni Association. Consequently, the classes are now leaving the University with an amount that enables them to do many things, including mailings prior to the Fifth Reunion informing class members of future events. The Class Treasurer works closely with the Class Secretary deciding on the budget and logistics of Class events. For more information see Class Treasurer Suggested Minimum Standards...
...money to real estate developers, who have added inventory to what were already overbuilt residential and commercial markets in several major Chinese cities. And now the government has turned around and acknowledged that the mind-bending surge in bank lending - by June of this year, total lending exceeded the amount for all of 2008 - has done nothing to rebalance China's economy between consumer and producer. In fact it's done the opposite: late last month, the National Development and Reform Commission, an important policymaking body, conceded that it must start implementing rules aimed at reducing overcapacity in several...
...rupees ($50,000) is not enough to buy a flat. "I wanted to live in Bandra, as it is near to Rubina's school and I don't want her to travel a lot to get to school every day. Can you get a flat in Bandra for that amount? I asked them to increase the budget a little bit, to around 4,000,000 rupees ($80,000) so that I could buy a flat there. But they refused. So what...