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Word: defaulting (lookup in dictionary) (lookup stats)
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...good reasons of its own for wanting to ease the debt load. The potential for a massive default still hangs over the nation's banking system. In addition, the Third World's severe belt tightening has dried up a possible market for U.S.-manufactured goods. The United Auto Workers Union estimates that cutbacks by debtor nations cost 1.1 million U.S. jobs between...

Author: /time Magazine | Title: Showdown Over Latin Debt | 10/14/1985 | See Source »

...addition to some dismal visuals, Kerouac deals with the controversial side of Jack Kerouac--the leader by default of the generation of writers and artists called the Beatniks--no better than have have recent print biographies...

Author: By Charles C. Matthews, | Title: Drab Documentary Misses the Beat | 10/2/1985 | See Source »

Lenders like their new concoction because the loans extend for just half the term of the traditional 30-year mortgage. That means there is less risk that a borrower will default or interest rates will suddenly rise. Home buyers are enticed by the loan's interest rate, which is usually between one-half and five-eighths of a percentage point less than that on a 30-year mortgage. The current rate on a 15-year loan: 11.6%. Borrowers also are pleased that their interest payments by the end of the loan are less than half those of a 30-year...

Author: /time Magazine | Title: Mortgages: Short and Sweet | 9/16/1985 | See Source »

...financial industry was perhaps even more spooked than consumers were. Community's subsidiary is delinquent in payments on $1.4 billion in mortgages and other securities that it sold to about 110 large investors and thrifts. A default on those securities could cause collapses among weaker institutions. It also could bring as much as $300 million in losses for mortgage-insurance companies, like Milwaukee's MGIC Investment, that have issued coverage on the certificates. In the longer term, a default could discourage investors from putting money into mortgages, and possibly drive up the cost of home financing...

Author: /time Magazine | Title: Savings and Loans: Maryland's Jittery Depositors | 9/2/1985 | See Source »

...default rate has remained steady over recent years, Hastings said, but because about $7 billion is loaned each year the gross amount of unpaid loans rises by about $700 million yearly. Total debts have risen recently because of an increase in GSLs distributed between...

Author: By Charles C. Matthews, | Title: Government Gets Tough on Defaulters | 8/9/1985 | See Source »

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