Word: creditably
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...Wall Street wants to get even more worried about the real estate market, it need look no further than southern California. There, the culprits aren't just the bad-credit borrowers whom banks and lenders loaded up with ballooning debt to purchase their dream homes. The well-to-do have partaken of those treacherous loans as well. And now everyone is hard-pressed to pay as interest rates rise...
...astonishing 799% rise in Los Angeles County, foreclosures in southern California jumped 725% in the second quarter, to a record 9,504, from 1,152 a year ago. The spectacularly bad trend was coupled with news from mega-mortgage lender Countrywide Financial that homeowners with good credit are starting to fall behind on mortgage payments. It has all contributed to a contagiously pessimistic mood. "We thought the upper end of the market was immune," says Steve Johnson, of real estate consulting firm Metrostudy. "But this is now like kudzu in the South, spreading into all product types in the southern...
...statistics show that subprime-caliber borrowers weren't the only takers for those notorious no-money-down, interest-only, adjustable-rate mortgages. Purchasers with high credit scores, who could have qualified for the standard 30-year mortgages, were also enticed by the exotic loans because they offered substantial initial tax deductions and freed up cash for other big-ticket purchases. "Why pull your money out of the bank for a down payment when someone is willing to give you all the money and structure payments that initially are significantly lower?" asks Johnson. With home values increasing by double digits annually...
...previous book, their path seemed treacherous yet clear and straight, so it is to Rowling’s credit that she allows her characters to set out confidently on dead-end side-tracks and feel most lost mere feet from their goal. They are intelligent but not always rational, eager but not necessarily tireless—in short, wherever the magnificent threesome might have fallen into cliché, Rowling steers them deftly clear of danger...
...Literature concentrator, Stein says he had a good deal of freedom with choosing classes to fulfill his concentration requirements. For example, he was able to take a Visual and Environmental Studies course about the classics of world cinema for credit during his sophomore year...