Word: nonprofitable
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...interest rate or reducing the overall loan balance, many work quite differently. For example, one of the most widely implemented changes is to simply spread missed payments over the remaining life of the loan. That has the perverse effect of raising, not lowering, a homeowner's monthly payment. The nonprofit Center for Responsible Lending estimates that nearly half of the loan modifications reported by Hope Now Alliance have left homeowners with the same or higher monthly payments...
...their houses, no matter how generous the terms, because someone - the homeowner, the mortgage broker - lied about or simply ignored income and assets. Cena Valladolid, chief operating officer for Consumer Credit Counseling Service of Southern Nevada, says more than half of the homeowners who seek help from her nonprofit are living in houses they never had a realistic shot of affording. The best advice she can offer in the depressed Las Vegas real estate market is to ask the lender to allow a short sale, so that the house might be sold for less than what's owed...
Harvard Business School faculty members and affiliates, as well as top nonprofit leaders, will gather in Philadelphia on November 13th for the fifth annual Social Enterprise Conference to discuss implementation of nonprofit strategy...
...addition to the conference, the club also conducts a nonprofit speaker series throughout the year and sponsors MBA students who seek summer internships at nonprofit organizations in the Philadelphia area...
...think it’s terrific that the club decided to combine the annual Social Enterprise Conference with their Centennial celebration,” Childress said. “Given their involvement in nonprofit activities over the years, it makes perfect sense...