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...good chunk of the FHA's portfolio, though - nearly 40% - is made up of loans written over the past 12 months. In a way, that's a boon, since lenders have tightened their standards and as a result have sent higher-quality loans to the FHA. During the housing boom, more than a third of the loans the agency insured went to subprime borrowers; today, fewer than...
...recoup from foreclosed properties, the growing social acceptability of borrowers' walking away from their houses and the chances that the riskiest loans in the market are finding their way to the FHA since it requires only a 3.5% down payment. Comparing FHA loans with a subset of those made by Fannie Mae (not a perfect analogy, considering that the FHA pretty much backs only 30-year fixed-rate loans), Pinto figures that the FHA will ultimately need tens of billions of dollars of outside funding to help cover its losses...
...Insider admitted that this apples-to-oranges comparison was made purely for entertainment purposes. Still, it inspired us to dig up some other statistics to put Harvard’s acceptance rate in perspective. (We didn’t make these up, we swear...
...second husband's second wife, and the university has no idea under what circumstances it was donated. Or what about a giant rhinoceros skull? Is that worth keeping? How about the samples of earth dug up from the English Channel, pre-Chunnel? Hundreds of beautiful hand-drawn lecture slides made by the scientist Sir Ambrose Fleming, inventor of the diode? Or the slides of microscopic fossils, which don't seem to take up much space until you consider there's a quarter million of them in storage...
...thought that Dan was brilliant and funny, and he made me feel at ease." - Feinberg, recalling her first impression of Pfeiffer when they both worked on Al Gore's campaign in 2000. The two were married in 2006. (New York Times, July...