Word: number
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...want the companies to add more staff, expand their call centers, train their representatives better, put more information online and create a system for dissatisfied borrowers to appeal their cases. To shame the firms into better participation, the government said that in August it will start revealing the number of modifications at each company and the long-term success of those rewrites...
...like the process for modifying loans insured by the Federal Housing Administration, continue to emerge. It seems that writing the fine print for a program meant to spend up to $50 billion is tough to do quickly, especially when the office created to oversee it still has a large number of unfilled positions. (See which businesses are bucking the recession...
...firms eager to modify loans - may be wrong. Economists at MIT and the Federal Reserve banks of Boston and Atlanta have found that about 30% of borrowers who become seriously delinquent on their payments later catch up. A big deal has been made of the redefault rate - the high number of borrowers who wind up missing even modified payments - but the new finding about the large percentage of loans that "self-cure" indicates that servicers might actually be smart to delay rewriting many loans, since chances are they won't ultimately lead to foreclosure anyway. On top of that, servicers...
...time and again, even by professional housing counselors like Tom Birch, who last month finally landed the Livelys a modification. One day not too long ago, Birch got a call back from a servicer - a cause for celebration, considering how rarely his messages are returned. When he called the number back, the extension didn't work, but he tried not to let that dampen his excitement. His take: one step at a time...
...news of the manuscripts has filtered out over the past few years, another group of visitors has begun arriving: antiques collectors and dealers looking to snap up rare and valuable treasures at bargain prices. Locals say the number of collectors has increased markedly over the past year. The village of Ber, an hour's drive from Timbuktu across the blazing sand and past boys leading donkeys that haul spindly thorn branches home for firewood, might seem remote and protected. But when I arrived there in May, collectors had recently visited in search of manuscripts, according to locals. "Since April, people...