Word: owing
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Such programs are great news for real estate agents and builders. But it's not clear how much these ideas would help housing overall. Nearly one-fifth of all borrowers owe more than their house is worth. They couldn't sell their home and pay off their loan even if they wanted to, and that's not a problem that goes away by simply slowing the pace of the fall...
...recently as a board member of the Feminist Majority Foundation has empowered women of color across the country. She has improved the lives of thousands of women who may never have the chance to meet her—as many Harvard Latinas did on Monday—but who owe her an insurmountable debt, a debt that should be paid by a continued commitment to social justice and human rights...
...That's basically the scenario for Strata. Its investors don't owe a dime on the first $130 million (or 13%) in losses on the $1 billion bond portfolio. That may seem like it gives Strata investors a lot of protection. But if just 15% of BofA's $1 billion imaginary bond portfolio, which are real bonds just not necessarily owned by BofA, goes bad, then 100% of the investment in Strata is toast. Because of that, Moody's rated the bond the equivalent of BBB-, which is the lowest investment grade rating the firm...
...Burton's" was actually Henry Selick's; he directed the film under Burton's supervision. Selick next directed James and the Giant Peach, which managed to improve on the Roald Dahl children's book, and Monkeybone, a pretty frantic mix of live-action and animation. All these films owe less to the chipper confections of Disney, Pixar and DreamWorks than to Euro-cartoonery like The Triplets of Belleville and the work of Czech animator Jiri Trnka...
...house prices, that much is true, but the swoon has caused additional problems as it traps many flailing borrowers in their homes. Simply selling your home when you can no longer afford it is often not an option at a time when some 18% of mortgage holders owe more than their house is worth...