Word: options
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Dates: during 1960-1969
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...Real Estate Lawyer Max H. Karl, now 58. At first it looked like a suicidal venture. Many insured loans, notably those on apartments and unsold new homes, proved to be overly speculative; more important, M.G.I.C. was not yet insisting-as it now does-on writing all policies with an option permitting it to pay only 20% of a claim in cash while leaving the mortgage lender to take over foreclosed property. Allowed initially to operate only in Wisconsin, Illinois and Minnesota, M.G.I.C. lost $64,000 in its first year. In 1959, Karl shrewdly tied his fortunes to those...
...Monday the Radcliffe College Council voted to allow any and every senior the option of living in non-college housing and paying 270 dollars for college services. This is sensible indeed, the only sensible solution to this lengthy and angry debate...
...Radcliffe College Council voted yesterday to allow all Radcliffe seniors the option of living in non-college housing next year...
Rachel A. Radio '68, one of 27 Cliffies who fasted for five days last May to allow all seniors the option to live "off-off" and was forced to live on-campus this year, said of the new proposal, "Although the $270 charge is unfortunate, the new policy is a step in the right direction...
...said that there is a possibility that the College might lose financially as a result of the new plan if a great many seniors actually decide to take advantage of the option...