Word: nest
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Dates: during 1960-1969
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...Modest Nest Egg. The new company, Home Capital Funds, Inc., will lend 15% of the price of a home, and such traditional mortgage sources as Metropolitan Life Insurance Co. and Minneapolis-based Investors Diversified Services will pick up another 75% to create a 90% loan. The arrangement is called "piggyback" financing because it avoids risky second mortgages, involves a single joint loan on each house. Brewer calls it "a virtual partnership" between lenders and manufacturers "to assure a continuous flow of money to buyers at rates and down payments they can afford...
Home Capital starts with a modest nest egg of $2,000,000 put up by Plywood-Champion, Andersen Corp., Armstrong Cork, Kaiser Industries, Masonite and Reynolds Metals. By borrowing as much as twelve times that amount from banks and other sources of capital-much as consumer-and auto-finance concerns do-Home Capital expects to be able to make loans on some 7,000 homes within 18 months. The money will go primarily to buyers of new, one-family homes through mortgage bankers across the U.S. With more capital and borrowing, Home Capital aims at financing 100,000 homes...
SCHOOL FOR SCANDAL and RIGHT YOU ARE are studies of one of the most active and lethal parts of the human anatomy, the wagging tongue. In Richard Sheridan's high comedy, a hive of busybodies is undone. In Luigi Pirandello's philosophical drama, a nest of vipers invades the privacy of a family and destroys the tenuous balance of their lives. The APA again...
SCHOOL FOR SCANDAL and RIGHT YOU ARE are studies of one of the most active and lethal parts of the human anatomy, the wagging tongue. In Richard Sheridan's high comedy, a hive of busybodies is gleefully exposed and undone. In Luigi Pirandello's philosophical drama, a nest of vipers invades the privacy of a family and destroys the tenuous balance of their lives. The APA again...
Brown's budget had been balanced by a one-shot windfall of millions, the result of a change in the state's accounting system. Reagan has no such nest egg, and said he would need upwards of $240 million in new taxes just to stay even. Last week he even accused Brown of having "looted and drained" the state treasury, leaving his successor with the onus of levying new taxes. Reagan later explained that he had not implied any malfeasance on Brown's part, confessing that he was "addicted" to using the "simplest words...