Word: fulle
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...option adjustable-rate mortgage the next subprime disaster? For anyone who remembers that souring subprime loans kicked off the real estate meltdown, that's a scary thought. Recent analysis from Standard & Poor's (S&P) anticipates 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...
...find unaffordable considering nearly 1 in 10 workers is out of a job. The chart has two big peaks - the first is the rush of subprime resets that peaked in late 2007 and early 2008; the second is the upcoming wave of option ARMs, which don't hit their full reset stride until 2011. By the middle of next year, more then $10 billion worth of option ARMs will reset higher each month, according to data from mortgage tracker Loan Performance. That comes close to the figures we saw during subprime's height. (See the best business deals...
...numbers support this theory. All told, the Pudding punched some 115 students this spring, who were joined by only 30 additional “non-punch” candidates. The process may have been open, but a full 80 percent of those considered for membership received an official invitation...
...been more than inspired by the writings of another German blogger, known only by the name Airen. After Pirmasens posted the passages in question from Hegemann's book and the remarkably similar passages from Airen's book, Strobo, on his blog this month, the same papers that had been full of praise for the young author only a few days before abruptly changed their tune and accused Hegemann of plagiarism...
...TIME's full coverage of Vancouver...