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...rent. In the first nine months of 2009, Fannie Mae executed just under 2,000 deed-in-lieu transactions - the pool from which renters will come. Freddie Mac, another federal housing agency, has been offering leases to former owners on a month-to-month basis since March but hasn't said how many people have taken advantage of the offer...

Author: /time Magazine | Title: Renting Your House Back: A Solution to Foreclosures? | 11/12/2009 | See Source »

...honor the terms of existing leases (i.e., to not immediately kick out any existing renters). Fannie Mae already had such a policy in place. Over the summer, an Assistant Secretary of the Treasury Department told a Senate panel that the Administration was considering rent-backs, but the idea hasn't gained traction since then...

Author: /time Magazine | Title: Renting Your House Back: A Solution to Foreclosures? | 11/12/2009 | See Source »

...York Times best-seller list." I thought the best-seller list was just 1 through 10; I didn't realize it was so extensive. I think we landed at No. 16 or so. And then we were on it again and again. It just hasn't fallen off. I don't understand...

Author: /time Magazine | Title: Kathryn Stockett, Author of The Help | 11/11/2009 | See Source »

...program, and he hosted former President Bill Clinton in Pyongyang, who traveled to the North to win the release of two U.S. journalists who had been arrested there. But there's little sign of any thaw with Seoul. Pyongyang has been infuriated that South Korean President Lee Myung Bak hasn't continued the so-called Sunshine Policy of his two predecessors, which boosted Seoul's economic aid to the North. Seoul was angered in September when North Korea, without forewarning, released a massive amount of water from behind a dam near the demilitarized zone, which ended up killing six South...

Author: /time Magazine | Title: Before Obama's Visit, a New Clash Between Koreas | 11/10/2009 | See Source »

...warning, will also need to see put into practice if the country is to attract badly needed foreign capital. In the meantime, Anggodo Widjojo, a businessman and one of the men caught on tape conspiring with legal authorities to set up the KPK, has yet to be charged. "Why hasn't Anggodo been arrested?" asks Yanuar Rizky, an independent analyst and columnist writing on economic issues. "It looks as if you have to be close to the powers that be in Indonesia if you want to be safe...

Author: /time Magazine | Title: Protesters Rally for Indonesia's Anti-Graft Unit | 11/9/2009 | See Source »

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