Word: creditably
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...mortgage meltdown, Harvard economists are divided on the course of action Federal Reserve Chair Ben S. Bernanke ’75 should take at the Fed’s upcoming policy meeting. Subprime mortgages—loans which banks make on highly favorable terms to potential homeowners with weak credit histories—became common in recent years, but a rash of recent defaults has sent the mortgage industry into turmoil. Amidst worries that the mortgage crisis could be causing a general economic slowdown, many argue that an interest rate cut is in order to push the economy back...
...foreign affairs, Sarkozy has similarly shown a flair for big announcements of limited results. Despite his finish-line sprint, 99% of the credit for freeing the Bulgarian medics from Libya goes to years of tireless work by E.U. officials. Sarkozy's warmer relations with the U.S. shouldn't and can't hide the deep differences that France and Europe have with America - and not just on Iraq. And it's hard to fully applaud his success in Europe's agreement on the simplified treaty when, elsewhere, Sarkozy sends the message to Germany and others that their work to trim deficits...
...retirement home--can be expected to rise the fastest. Yet for even prime properties in today's market, competing bids are rare, and sellers are eager to deal. You have bargaining power, and you have time to research your purchase. Mortgage rates remain low for those with good credit...
Banks could renegotiate loans, but that's not easy, as home loans are often sold to investors, so the original lender has no stake in the credit. The bottom line: "More needs to be done," says Bernard Markstein of the National Association of Home Builders...
...Washington encourage this trend. "There needs to be a shift of mortgage risk back into the banking industry," he says. "There's risk--it's not gonna go away--but we need to have it in banks." The banks and thrifts have natural incentives to ferret out and manage credit risk. They're also in a better position than dispersed mortgage markets to restructure troubled loans. And it looks as if the regulators who oversee them may have learned from experience how to prevent financial crises rather than cause them...