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Word: mortgagee (lookup in dictionary) (lookup stats)
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I was interning at an asset management firm in New York, and by the end of the next month—once Bear Stearns had wound-down the funds as officially worthless—all of my colleagues, from the most senior money managers to the lowliest analysts, had sat...

Author: By Max J Kornblith | Title: Back Home and Down to Earth | 8/4/2009 | See Source »

And so on ground level the legal options available in such cases are discouragingly few. Lawyers can search for inconsistencies in the documents filed with a court in a foreclosure action, creating enough extra time for a homeowner to find a job or to work out an agreement to modify...

Author: By Max J Kornblith | Title: Back Home and Down to Earth | 8/4/2009 | See Source »

Whatever the cause, the result is a system packed with pain for any homeowner looking for help. By the summer of 2008, Charles and Jennifer Lively knew they were going to start having trouble with the mortgage on their home in the Boise, Idaho, area, since Charles's paycheck (he...

Author: /time Magazine | Title: Why the Banks Aren't Modifying Home Loans | 7/30/2009 | See Source »

I am a 27-year-old Spanish worker and I belong to "Generation Disappointment" [July 20]. I have a badly paid job which does not fit with either my studies or my expectations. The global crisis has hit Spain especially hard but we should have seen it coming. The Spanish...

Author: /time Magazine | Title: Hope for the Future | 7/30/2009 | See Source »

As a teenager in California in the early 1970s, I remember my mother saying that we, her children, were part of the first "downwardly mobile" generation. When I asked her what she meant, she said that as she saw it, my generation would rent property and only some of us...

Author: /time Magazine | Title: Hope for the Future | 7/30/2009 | See Source »

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