Word: mortgagees
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Dates: during 1980-1989
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Housing starts in January fell 18% below a year earlier, to an annual rate of 1.4 million, and they appear headed much lower. Buyers cannot afford mortgage interest rates that top 16% in some areas oi the country, and savings and loan associations are running out of money to lend...
And not just in cleaning up what had happened in Unit 2. Arnold concedes Met-Ed still has a long way to go to regain the public confidence it lost because of the accident. During the crisis, Met-Ed was severely criticized by local and state officials for not forthrightly...
Each of these scenarios has been played many times during the last ten years in Cambridge. For many people in these situations, the logical choice is to purchase a condominium. Let's go back to Joe. If Joe continues to live in his apartment, he faces the realistic possibility of...
In addition, the city and the condominium developer could form a joint program helpful to condominium developers and which would create a low interest mortgage rate to the elderly. If the city set low real estate tax on the unit, it would allow the minimum cost for housing and at...
By cashing in on more and more of the inflationary equity in their homes, people in an economic sense are actually "consuming" their dwellings. Before 1970, net increases in home mortgage debt rarely exceeded $15 billion annually, but since 1977 the borrowing has leaped to close to $100 billion a...