Word: notions
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Consumer groups argue that part of the redefault problem is lenders' reluctance to make the sorts of changes that will really improve a homeowner's chances. While the popular notion of loan modification might have the lender lowering an 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...
...along with former domestic terrorist Bill Ayers. Nor did it help last week when McCain, complaining about the admittedly boneheaded voter-registration tactics of left-leaning activist groups like ACORN, somewhat petulantly suggested that Democrat-engineered voter fraud could cost him Florida on Nov. 4. Crist later called that notion exaggerated, saying that in the closing days of a campaign "there are some who enjoy chaos." The McCain campaign, says Geyer, "is using Year 2000 political ideas and thinking they're automatically going to work eight years later...
...flip side of "You can't take it with you" is the notion that our money problems end with death. But amid Britain's deepening financial woes, that may no longer be true: The National Association of Funeral Directors (NAFD) has warned that unburied bodies of the deceased are piling up as a result of the credit crisis...
...notion was burnished by a series of subsequent elections in which black candidates saw solid leads shrink or vanish once voters cast their ballots. In 1983, Harold Washington escaped with a narrow win in Chicago's mayoral election after being projected a decisive victor. In 1989, Douglas Wilder held a nine-point lead on the eve of Virginia's gubernatorial election, and won by less than one percentage point. That same year, David Dinkins' 18-point lead in New York City's mayoral race evaporated in the voting booths, though he still eked out a nail-biter over Rudy Giuliani...
...most recent controversy surrounding Ayers began during last April's Democratic presidential debate, when ABC's George Stephanopoulos asked Obama to explain his relationship with Ayers. "He's not somebody I exchanged ideas with on a regular basis," Obama said. "The notion that somehow, as a consequence of me knowing somebody who engaged in detestable acts 40 years ago, when I was 8 years old, somehow reflects on me and my values, doesn't make much sense." Seconds later, Senator Hillary Clinton presciently warned, "This is an issue that certainly the Republicans will be raising." Indeed, McCain raised it again...