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...report, Amherst dissected one such loan, which was written in 2007 for $465,000 over 40 years. A minimum monthly payment that started at $1,260 soon rose to $1,354 and then to $2,806, more than twice the original amount. The borrower quickly defaulted. Going forward, the bigger problem is the reset that normally comes after five years. Even without negative amortization, many borrowers will see their monthly payments jump by 50% or more. According to an S&P study of loans originated in 2005, borrowers who have undergone a higher reset are nearly three times as likely...

Author: /time Magazine | Title: How Big Is the Threat from Option ARMs? | 2/19/2010 | See Source »

Harvard is coming off a win over No. 16 Union, in which sophomore forward Alex Killorn enjoyed a two-goal night, including a power play strike midway through the third period...

Author: By David E. Lopez-Lengowski, CONTRIBUTING WRITER | Title: Hockey Faces Rival Cornell | 2/19/2010 | See Source »

...Crimson isn’t the only team going into tonight’s matchup coming off a win. The Big Red enjoyed a 6-2 victory over Colgate on Tuesday night and is now tied with Yale for the top spot in the ECAC. Cornell forward Riley Nash had two goals and two assists for a four-point effort...

Author: By David E. Lopez-Lengowski, CONTRIBUTING WRITER | Title: Hockey Faces Rival Cornell | 2/19/2010 | See Source »

...jumped an ocean and half a century to bring forward this episode only because it seems so strikingly relevant. In a curious trick of history, the American Tea Party—those who protest Obama’s tax policies by evoking 1773’s colonial steeping of three shiploads of British loose leaf in Boston Harbor—have much in common with their ex-antagonist country’s Angry Young Men. They’re deeply dissatisfied with the status quo. They think (justifiably) that nobody takes them seriously. They lack any theoretically rigorous suggestions...

Author: By Jessica A. Sequeira | Title: Angry Men | 2/18/2010 | See Source »

Buesser, a forward, is Harvard’s leading scorer this season, tallying 33 points on 13 goals and 20 assists. She ranks second among ECAC players with 30 conference points, and stands 19th nationally with 1.22 points per game...

Author: By Crimson Sports Staff | Title: SPORTS BRIEF: Quartet of Women's Hockey Players Nominated for Kazmaier Award | 2/18/2010 | See Source »

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