Word: macs
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...Washington Mortgage Modifications Help is on the way for hundreds of thousands of Americans facing foreclosure. Freddie Mac and Fannie Mae, which between them hold about 20% of delinquent U.S. mortgages, announced Nov. 11 that some customers will see their monthly payments adjusted to no more than 38% of their gross income. The companies, now under government control, plan to reduce interest rates and give borrowers more time to pay off their mortgages. Citigroup, JPMorgan Chase and Bank of America are modifying loans to slow or stop foreclosures...
...effort to stem foreclosures and the depressed house prices they perpetuate entered a new phase on Tuesday as Fannie Mae and Freddie Mac announced a fast-track program meant to make hundreds of thousands of mortgages affordable to people who can't currently meet their monthly payments. The roll-out follows on the heels of new loan modification programs at JP Morgan Chase and Citigroup, but the move at Fannie and Freddie, which together hold or guarantee some 58% of single-family home loans, has the potential to reach much farther since the mortgage industry often takes its cue from...
Over the past two months, Paulson's public image has taken quite a beating. The former Goldman Sachs CEO entered September as the can-do dealmaker who seemed to have finally gotten the yearlong mortgage crisis under control. Now, after the expensive rescues of Fannie Mae, Freddie Mac and AIG, the failure of Lehman Brothers, and the painfully dramatic struggle to get a $700 billion financial bailout bill through Congress, he is a much-diminished figure. He has zigzagged and he has waffled and he has backtracked. His decisions and his motives have been harshly questioned on Capitol Hill...
...trial by fire, as Zack Pope (125), Walter Peppelman (149), and Sean Murphy (197) will impact the starting lineup immediately. As daunting as the task may seem, Weiss praised his captains for their work as role models and advisors in helping untested grapplers feel at home in the MAC...
There is an intuitive bias when judging the cinematic merit of films that feature the last shining moments of a dearly loved star—in the case of “Soul Men,” comedy king Bernie Mac. The death of the lead actor threatens to overtake much of the film’s content, unintentionally confining it to the rose-colored domain of a tribute; a funeral with popcorn and sticky floors. This is not to say that movies with recently departed stars are only well-received for this reason. “Dark Knight...