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Like the broader Making Home Affordable housing plan announced on Feb. 18, the new effort involves the Federal Government giving money to mortgage servicers when they lower homeowners' monthly payments - and to borrowers when they keep paying their loans and don't walk away...
After less than two years - albeit two very splashy, highly commented upon years - Portfolio magazine is closing. Since its revenues for the first quarter of this year were almost 61% lower than they were for the same period last year, the news is not that surprising. But it's still a spectacular flameout for a title that started with such fanfare - and a reported $100 million slush fund - a mere 21 issues ago. Where did all the money...
During the first few weeks of April, Chase Home Finance, a division of JPMorgan Chase, initiated some 10,000 loan modifications under the Adminstration's plan. But that was at a slightly lower pace than what the company had been doing under its own modification initiatives. "We're working through the pipeline and we're going to see much bigger numbers," says spokesman Tom Kelly. "There are financial incentives now for everyone to make this work. It's a huge stride over what was already out there...
...taken so far at Harvard,” he adds. “But it was very rewarding because it’s well taught.” Students were particularly impressed by Ritter’s commitment to teaching. After the second midterms came in lower than he expected, Ritter began holding Saturday study group sessions. “He really didn’t want to water down the course,” Liu says. “He’d rather hold extra sessions and change how he was teaching than do that...
...following year in Davis' life was instructive for the fledgling politician. Then just 31, Davis announced plans to challenge Earl Hilliard Sr., the first African-American elected to Congress from Alabama since Reconstruction. Davis was largely dismissed as an upstart who hadn't paid his dues by winning a lower-tier office. Despite being hailed by the Birmingham News as a "leader for the future," Davis lost. He attributed defeat to having raised barely $100,000. The next time he ran, in 2002, Davis had become adept at raising money, benefitting from donations from American Jewish groups concerned about Hilliard...