Word: optioning
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...same time, the industry is bracing for an avalanche of specialized adjustable-rate mortgages, known as option ARMs, as well as certain alt-A mortgages, to reset over the next 12 to 15 months. At least $60 billion in option ARMs will reset in 2010, and an additional $64 billion will do so in 2011, according to First American CoreLogic. Experts say this will likely trigger another round of mortgage defaults and foreclosures in the second half of 2010 and cause home prices to fall another 5% to 10% this year before the market bounces back...
Cuisine: “Modern French Bistro with a Cuban Twist.” For Quadlings who don’t want to trek down to Sandrine’s, Chez Henri is a cozy, friendly option only a few minutes down Shepard Street from Currier, Cabot, or Pfoho...
...international nonprofit environmental organization—is set to occupy 15,000 square feet of space in the building that formerly housed WGBH’s media headquarters on 114 Western Avenue, University officials announced today. The institute will have a five-year lease with an option to renew for another five years...
...those of us who aren’t dedicated enough to head to the gym every single day, perhaps moving to the quad is another option (more distance to classes maybe...
...waded into the fray too. José Manuel Barroso, the European Commission president, has urged Merkel to agree on a package of "coordinated bilateral loans" for Greece - or risk harming the euro. European Central Bank President Jean-Claude Trichet and French President Nicolas Sarkozy have also dismissed the IMF option, saying it would make the E.U. look incapable of resolving its own crises. (Sarkozy has his own reasons for keeping the IMF at bay: its managing director, Dominique Strauss-Kahn, is a potential rival in France's 2012 presidential election.) Others, like French Finance Minister Christine Lagarde, have criticized Germany...