Word: eights
(lookup in dictionary)
(lookup stats)
Dates: during 2010-2019
Sort By: most recent first
(reverse)
...wanted to do a story that explained why the war was not going well and that showed the logistical futility of the war. So in 2004 I pitched a story to my editors at Playboy to do a piece on the bomb squad, and found myself in Baghdad eight months later. At some point while I was over there, it occurred to me that the insanity of the war was not being expressed in the popular media and that it could make a really eye-opening, gut-wrenching movie about the horrors of war to see the war through...
...could breathe new life and buyer confidence into the decimated sector. It's called Sirius Value Protection - and works like a 'put option,' where buyers of new homes get the right to exercise a put that would require Sirius buy back the home at the original price after an eight-year period...
...program isn't without risk for homebuyers either. It requires the homeowner hang onto the new home for eight years before being able to exercise the put option. If the owner sells the house on the open market or loses it in foreclosure before the eight-year waiting period expires, the person is out of luck - the put option becomes worthless. However, homeowners do have the option of opting out of the program in the first six years in exchange for handsome cash bonuses, ranging from 10% of the purchase price in year one to 3% in year six. Still...
Some also question the program's long-term financial viability. Sirius Value isn't regulated since it's neither an insurance product nor a security, and experts caution that a lot can happen to a market, program or company in the eight years before the put option can be exercised. "Do they have the financial resources and will they be here eight years from now?" asks Curran...
James Wilson, a managing director at JMP, expressed similar concerns. "It all sounds great, but when push comes to shove, and if we had another housing collapse in eight years, could the counterparty afford it?" asks Wilson...