Word: mortgagee
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But since then, Brown has very likely come to know what Stevenson was driving at. Under the headline calamity brown, a Nov. 26 cover story in the political journal New Statesman, previously regarded in Westminster as Brown's cheerleader, marked the Prime Minister's astonishing plunge from grace. Pollsters have...
The most troublesome affairs are between bosses and subordinates. Hazards range from accusations of favoritism to charges of sexual harassment, but the authors leave the door open for the most intrepid romantics: "Don't attempt to date your direct boss or your subordinate unless you can picture the whole picture...
Sure enough, house prices stopped rising in 2006, and now banks and brokerages are taking huge write-downs tied to the mortgage-backed instruments that kept the Ponzi-loan machine oiled. Economists are furiously debating whether we're on the brink of a full-fledged "Minsky moment," in which lending...
Worrywarts have been saying such things since the mid-1980s without much to show for it. But something changed after 2001, when what had been a long and in retrospect moderate rise in indebtedness exploded into a spectacular binge in mortgage and home-equity lending. It started with super-low...
He said new lending activity is decreasing in the aftermath of the sub-prime mortgage crisis, and added that he sensed “policy paralysis” in the White House.