Word: lowered
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...Unfortunately, there is precious little data on what sorts of changes to mortgages do have the best shot of keeping borrowers in their homes in the long run. The most quoted research on the topic, from the investment bank Credit Suisse, shows - unsurprisingly - that when modifications involve lower monthly payments, borrowers have much more of a fighting chance. One report, looking at modifications made to a pool of sub-prime loans, found that 44% of loans with increased monthly payments were more than 60 days delinquent within eight months. After that same period, only 15% of loans that had received...
...with financial incentives for modification won't guarantee that servicers will do what it takes to avoid foreclosure in the long run. Over the past few months, as loan defaults have continued to rise, the Maryland Office of Financial Regulation has noticed an increase in servicers crafting modifications with lower monthly payments. That's a good sign - unless, perhaps, those lower payments come with a balloon payment further down the road, as White has often noticed in the loans he's studied...
...that is supposed to bring together people from different backgrounds sharing the same residence, classifying players as rank A, B, or C is a regression to the athletic culture that reigned in high school. And, because people don’t want to embarrass themselves, they commit to a lower skill-level team, creating more anxiety and self-consciousness than fun and spontaneity...
...million people, has been complaining of unfair competition since China joined the WTO in 2001. "Plenty of people lost their livelihoods when the Chinese swamped the market," says Subhash Gorwaney of Khazana, which manufactures wooden educational toys, "They offered similar products, more variety, unbelievably low prices, but also lower quality." He added that the competition has not been without benefit. Indian manufacturers "have changed their methods, introduced innovations, and overall the bar has been raised...
...rapidly falling prices of homes and lower interest rates on mortgages got the credit for the positive move. (See pictures of modernist houses for rent...