Word: curran
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...This battle took place between two agents who were close friends, 00 agents, and roommates. The victim was Jacob M. Viramontes '12, the 00 agent for team Quantom of Panic. The assailants consisted of the the team Bloodbath and Beyond (BBB), which included Agent Neil T. "Classy" Curran '12, Agent Collin A. "Kooky" Jones '12 , and Agent Luke A. "Mountain Main" Salisbury...
...informed BBB that Agent Viramontes was in room D-14 (an unsafe territory for all players involved), waiting for Salisbury to try entering D-13, the room he shares with Viramontes. Salisbury walked to his room and pretended to try the door, luring Viramontes out of D-14. Agents Curran and Jones were close behind, up against the wall of the hallway and out of range of any potential shots from Viramontes...
...Together, the federal programs baited buyers into the market at a time when unemployment exceeded 10% and the credit markets had seized up. Indeed, sales of existing homes have climbed year over year for eight consecutive months, reversing 43 consecutive months of decline. Curran expects housing starts to rise to 620,000 in 2010, from 540,000 in 2009. However, he notes that the 2010 projection is still far short of the 2005 peak of 2.1 million...
Initial reactions to the plan are mixed. Bob Curran, managing director of Fitch Ratings, calls it a step in the right direction. He says principal reductions will likely be more effective in modifying loans than past efforts that involved only interest-rate cuts and extensions of loan terms. "The loan-modification effort has not been very successful to this point in time," he says. However, he believes that only a small fraction of troubled homeowners will qualify for the program. "It will probably help some additional portion of the public, but I'm not sure it's enough to make...
...Curran also worries about how this round of loan-principal reductions will play out among investors who buy mortgage securities and whether they may be reluctant to buy new mortgage loans if there's a chance the principal will wind up being reduced down the line. "The returns would have to rise to incorporate this risk," says Curran. "Either they'll have to be compensated or they won't participate." (See the best business deals...