Word: behinds
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...mortgage. Now the FHA has resumed its old role by propping up the housing market, since private lenders began shunning all but the least-risky loans. The FHA doesn't lend directly but rather entices lenders do so by agreeing to cover any losses. The FHA stood behind fewer than 3% of new mortgages in 2006. In 2009, just three years later, the FHA insured nearly 30% of home purchases and 20% of refinances...
...mortgage-industry player. As unemployment rises, so do mortgage delinquencies. As of the end of June, nearly 8% of FHA loans were seriously delinquent or in foreclosure, according to the Mortgage Bankers Association - mirroring the rate for mortgages overall. Nearly 17% of agency loans were at least 30 days behind. (See 10 big recession surprises...
...campaigned for him - often sharply criticizing Barack Obama. Soon after, his Senate Democratic colleagues voted on whether to allow him to stay in their caucus. With the support of Obama, Lieberman was welcomed back and allowed to keep his committee chairmanship.(See pictures of Barack Obama's presidential campaign behind the scenes...
...That may be because some have worked together for years, both in and out of government. Typically for this Administration, all have strong academic backgrounds and tend to be wonks, more comfortable talking policy behind the scenes than making speeches. In a break for an Administration known for a White House-controlled foreign policy, the State Department plays heavily in strategy and policy implementation on Asia, which has helped create comity between the two centers of power...
...seeks increased cooperation in areas of shared interest. Kurt Campbell, a centrist Clinton White House and Pentagon official, will have the point position when it comes to briefing the President on upcoming meetings and issues during the trip. He and Bader have a good relationship. (See pictures behind the scenes with Hillary Clinton...