Word: feltes
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...that a full 37.5% of such loans (dubbed option ARMs) that were written in 2007, at the height of lax lending, will eventually go bad. The kicker is that most option ARMs undergo payment spikes after five years, which means the brunt of the impact has yet to be felt. That will change in late 2010, delivering another blow to the fragile housing market just as it begins to regain strength...
...sour in large numbers, including plain-vanilla 30-year fixed rates. "Option ARMs don't have the monopoly on poor performance," says Amherst senior managing director Laurie Goodman. "It permeates the market." When the resets come, we'll feel it - but it won't be anything we haven't felt before...
...small talk. The vast majority explained they had been expressly asked to attend—I was only able to find a handful who came as other punches’ plus-ones. When I inquired why so few unpunched guests showed up, one freshman volunteered that many probably felt uncomfortable because they weren’t officially invited...
Burkle also feels that as a graduate of Harvard, he connects in a deeper sense to the kind of pain and shame the expelled students felt. “It is really a privilege to be a graduate of the College,” he says. “Knowing how much I relish it, I can speak to how heartbreaking it must have been for these students...
...Vegas’ famous fluorescent lights, those members of the women’s team over 21 were given wristbands for free beverages in Treasure Island, and some “lost track of time” with a bachelor party in the Luxor. “We felt like we were sort of thrown into the big, bad world in some way,” said Verma. “There were definitely a lot of hangovers...