Word: bigs
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...recent report by Amherst Securities. The chart shows the dollar value of loans that will undergo a 10% or more jump in monthly payments, an amount that plenty of families would find unaffordable considering nearly 1 in 10 workers is out of a job. The chart has two big peaks - the first is the rush of subprime resets that peaked in late 2007 and early 2008; the second is the upcoming wave of option ARMs, which don't hit their full reset stride until 2011. By the middle of next year, more then $10 billion worth of option ARMs will...
Furthermore, the Federal Government's big loan-modification effort - abbreviated as HAMP - does little to help such borrowers since in many cases lenders will recoup more by foreclosing (the test any loan modification must pass). A recent Bank of America Merrill Lynch study of loan modifications at IndyMac, which provided the template for broader modification efforts, found that about 20% of subprime loans had been rewritten, while fewer than 8% of option ARMs got reloaded. (See pictures of TIME's Wall Street covers...
...were looking for methods to turn on the production of new encoded molecules as a drug discovery platform, which would eventually allow science to find new small molecules that lead to the new big antibiotic,” Crawford added...
...club is not being forced to act against its will, and members appear enthusiastic about the new policy. “It’s a great move,” Punchmaster Sam O. French ’12 told me, adding that he was “a big fan of democracy...
...then send Kenzie to an orphanage - until a volunteer Haitian nurse on board, Edith Philistin, who was in contact with the UNICEF project, did some detective work and found the boy's relatives, who have since taken him in. "They thought he was dead [until] I pointed to the big boat in the sea," says Philistin...