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...that about 30% of borrowers who become seriously delinquent on their payments later catch up. A big deal has been made of the redefault rate - the high number of borrowers who wind up missing even modified payments - but the new finding about the large percentage of loans that "self-cure" indicates that servicers might actually be smart to delay rewriting many loans, since chances are they won't ultimately lead to foreclosure anyway. On top of that, servicers charge substantial penalty fees when loans are in delinquency or default - a source of revenue that goes away if a homeowner gets...

Author: /time Magazine | Title: Why the Banks Aren't Modifying Home Loans | 7/30/2009 | See Source »

...from Obama, laying out figures that showed what a sinkhole the country's health-care system has become: the U.S. spends more to get less than just about every other industrialized country. Still, Obama and his team are aware that the more Americans learn about how Washington proposes to cure that system, the more skeptical they are about the whole enterprise. The more the public hears, the less it seems to understand. What Obama and his team also know is that fixing health care has become not only a defining moment for his presidency but also a test...

Author: /time Magazine | Title: Can Obama Close the Deal on Health Care? | 7/30/2009 | See Source »

...Taxing Pricey Insurance: No Health-Care Cure...

Author: /time Magazine | Title: Can Obama Close the Deal on Health Care? | 7/30/2009 | See Source »

...Ameisen's. And yet even if the apparent anti-addiction benefits of the drug - which is currently approved by the government to treat muscle spasms - are borne out in human trials, it might do little to persuade most American addiction-treatment providers to use it. (Read "Can Amphetamines Help Cure Cocaine Addiction...

Author: /time Magazine | Title: Treating Alcohol Addiction: A Pill Instead of Abstinence? | 7/29/2009 | See Source »

...would work best. What I said was, is that it shouldn't be something that's simply a taxpayer-subsidized system that wasn't accountable, but rather had to be self-sustaining through premiums and that had to compete with private insurers. (Read "Taxing Pricey Insurance: No Health-Care Cure...

Author: /time Magazine | Title: Obama: 'We've Provided More Guidance Than Advertised' | 7/29/2009 | See Source »

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