Word: mortgagee
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Though the plot is the same 10 years later, a different actor is playing the lead. In 1997, Asian countries sent ripples through the global financial system, beginning with Thailand's devaluation of the baht after a collapse of the nation's real estate bubble. In 2007, it is the...
CONTEXT Longer hemlines are showing up in fashion designs for spring 2008, indicating that U.S. economic woes could worsen. Nicole Miller and Josh Goot had hemlines at the knee, and Generra and Miss Sixty's hems were mostly midthigh. The fashion houses could just be foreshadowing what will come next...
The most important thing is to call your mortgage servicer--which may not be the outfit that made the loan--and talk to the loss-mitigation department as soon as you sense trouble. The more temporary the help you seek--a forbearance, say--the more likely you are to get...
In the wake of the summer’s subprime mortgage meltdown, Harvard economists are divided on the course of action Federal Reserve Chair Ben S. Bernanke ’75 should take at the Fed’s upcoming policy meeting. Subprime mortgages—loans which banks make...
Rancher Dan Evans (Christian Bale) may live in 19th century Arizona, but he's leading a 20th century - or sub-prime - sort of life. He's behind on his mortgage payments to the big landowner, who wants the property back in order to sell it on the Internet - oops, sorry...