Word: kicker
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Dates: during 2010-2019
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...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 just as it begins to regain strength...
Both Morten Andersen, a retired record-holding kicker, and Jamie Silva, a second-year Colts safety, said they enjoyed the case study aspect of the program...