Word: defaulting
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...fall behind in his payments. Eastern would get its money back either by selling the mortgage to the Government or, on foreclosure, directly from FHA, which would be stuck with the house. Romney has estimated that within a few years more than 240,000 units nationwide could be in default -and that the loss would be "catastrophic." Some are so vandalized that FHA demolishes them; others are repaired and resold by FHA, which figures that it loses an average of $10,000 on each single-family house...
...until this last Wednesday, however, George's brief career had been characterized by frustration. As a stylish, 145 lb. freshman, he won by default and was denied the chance to put coach Henry Lamar's hard learned lessons to practice...
...action Wednesday, Tetsur Nishiuni and Sam Chang won by default in the freshman and house 135-pound division, respectively. John Keough took a unanimous decision over Bob Hoyle, also on Wednesday...
...other action yesterday, Arty Faden and John Weeks advanced to the freshman 145-pound final -- both by default -- and Winthrop's Rick Hausler whipped Housemate Mike Bernick to move into the upperclass final in the same weight class...
...Goldwater ran for President, we heard a great deal from liberal circles about the need for "moderation" in politics. Liberal Republicans who fought Goldwater's nomination spoke of the need to appeal to the "mainstream" of American thinking. In the meantime, Lyndon Johnson got support from the left by default, played consensus politics and won in a landslide...