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...Federal Housing Administration. One key, according to homeowner advocates, will be whether or not the program will prompt lenders in general to be more generous from here on out. "So far we're not seeing the loan modifications we need from lenders," says Jackie Duran, a foreclosure counselor for the non-governmental Neighborhood Housing Services, which has been overwhelmed in recent months by homeowners from all over the Miami area. "When you've got people whose [interest] rates have jumped to 11 or 12%, a 1% reduction isn't going to work. You need at least a 3% break...

Author: /time Magazine | Title: Foreclosure Rescue: Who Gets Help | 7/28/2008 | See Source »

There's a problem, though, with Helbert's whole operation: a nonprofit housing counselor might have gotten Bond the same result without charging her hundreds of dollars. In fact, many of the flashiest benefits these new walk-away companies advertise are ones homeowners can procure on their own. Are you willing to pay someone to force the bank to stop harassing you with phone calls? O.K., but you can achieve the same result for the cost of a stamp by sending a letter citing the Fair Debt Collection Practices Act, which says lenders can call only if they're taking...

Author: /time Magazine | Title: Walking Away From Your Mortgage | 6/19/2008 | See Source »

...first time I got falling-down drunk. I was attending summer golf camp at the University of Arkansas. It was 1985, and a preternaturally talented young golfer named John Daly was my camp counselor. This was six years before Daly won the PGA Championship as a rookie. He would also become famous for his drinking, but in 1985 he was still just a big kid, five years older than I was but not especially more mature...

Author: /time Magazine | Title: Should You Drink with Your Kids? | 6/19/2008 | See Source »

...Kibera's stores have adequate supplies, but the tomatoes lie rotting on the shelves alongside untouched bags of rice and cereal: they are now too expensive for locals to buy and cook. "We are not eating to be satisfied, we are eating to sustain ourselves," says Daniel Anyona, a counselor at a Kibera AIDS clinic...

Author: /time Magazine | Title: Food Prices: Hunger Strikes | 6/5/2008 | See Source »

Aditya Balasubramanian had finished seeking counselor recommendations and prepping his personal essay this past fall. He decided to apply early to Yale. By the time Harvard admissions officers got to his application in the January 1 pile, the Bethesda, Md. native had already been accepted to the other Ivy, had enrolled in Yale’s “adopt-a-prefrosh” program, and had the chance to wear a Yale 2012 t-shirt...

Author: By Arianna Markel, CRIMSON STAFF WRITER | Title: Harvard's New Delayed Opening | 6/4/2008 | See Source »

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