Word: highers
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...role the agency has played in stabilizing the housing market. Last spring, as first-time home buyers rushed to take advantage of the $8,000 tax credit designed to lure them into the market, the FHA insured a full 49% of their mortgages. In October, Congress renewed a higher limit on the size of FHA loans (now up to $729,750), first put in place last year, to allow the agency to expand into pricier markets. "The government may need to inject billions of dollars into the FHA, but the alternative - another perturbation in the housing market, more foreclosure...
...good chunk of the FHA's portfolio, though - nearly 40% - is made up of loans written over the past 12 months. In a way, that's a boon, since lenders have tightened their standards and as a result have sent higher-quality loans to the FHA. During the housing boom, more than a third of the loans the agency insured went to subprime borrowers; today, fewer than...
...It’s really important [to win the conference] because we were so close last year,” Chi said. “Winning the Ivy League will give us a much higher seed in the tournament...
...recommends that the system—the largest at any university in the world—adopt a twenty-first century approach that focuses on greater collaboration with other institutions of higher learning and shift toward more digital purchases, rather than traditional print resources...
Amid ever-higher tension with Iran, the Obama administration made a bold legal swipe at Tehran this week that could send shock waves through the Muslim world. In what appears to be an unprecedented move, the Department of Justice filed notice in federal court in New York on Thursday that the government intends to seize the assets of a foundation with alleged links to the Iranian government, including several mosques around the country...