Word: homely
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...program isn't without risk for homebuyers either. It requires the homeowner hang onto the new home for eight years before being able to exercise the put option. If the owner sells the house on the open market or loses it in foreclosure before the eight-year waiting period expires, the person is out of luck - the put option becomes worthless. However, homeowners do have the option of opting out of the program in the first six years in exchange for handsome cash bonuses, ranging from 10% of the purchase price in year one to 3% in year six. Still...
...else fails, a reinsurance contract. He says the 20% premium fee will be placed into an investment trust and actively managed over the eight year period. He says he has two banks, Wells Fargo and Credit Suisse, on board to manage the assets and even lend money against the home in year eight if needed. On top of that, he says talks are underway to bring in a reinsurer. "The reinsurers' job is to step in at the end of the day and make up any shortfall should there be a shortfall," he says. "I don't want anyone...
...reason for the domestic shakeup, analysts say, is to revive GM's North American market, considered the heart of any GM recovery. Driving home that point, Reuss brought back experts from GM operations in Australia and Thailand to work on North American sales and marketing initiatives. "We needed expertise," explained Reuss, whose latest re-organization also sent Bryan Nesbitt, who had been general manager of the Cadillac Division since last fall back to GM's design staff where he will be in charge of GM's advance design studio. "Bryan's very talented. We need his expertise in design," said...
...funky side - a bit of hip-hop here, a few tape loops there - whereas the Shins are the melodic band skinny kids in Converse sneakers name-drop if they want to sound sensitive. "People tend to be split on this album," says Burton by phone from his Los Angeles home. "They either think it sounds like what they'd guess the two of us together would sound like, or they say it wasn't like anything they expected...
Shabbos eve, Little Bo Peep and Her Two Slutty Sheep were invaded by a dose of reality--gate-crashing NEDs in camo. Later, 14P was home to some rowdy Chosen People and their yeladim...