Word: owing
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Then in late March, the bank became the first major lender to say it would reduce loan balances of homeowners who owe more than their property is worth. Most other banks have only been willing to lower interest rates. Writing down loan balances for such "underwater" homeowners, while costly for the bank, gives borrowers more incentive to stay current on their mortgage. The Bank of America program, which has won praise from consumer advocates, could help as many as 45,000 borrowers reduce what they owe by $3 billion. "Bank of America is to be commended for launching a program...
...just the size of the debt that causes anxiety; it's whom we owe it to. Foreign governments, to which we are already beholden for the bulk of our energy, own a quarter of our debt. Now the U.S. government can't function without their aid? It's scary...
...fortunate to have the family that I do,” O’Connor said. “They traveled around with me all over the country [when I was younger], so I owe a lot to them...
...that is the real nub: America isn't investing enough in its future. We are failing to mobilize resources to improve our health care and infrastructure and stay competitive in a global economy that is more clamorous than ever. Focusing on how much we owe won't help us meet our real challenges. America's problem isn't large clothing; it's a body politic that is sliding into dangerous habits. Obsessing about the debt is a distraction we can't afford...
...Cove” is technically an exposé, focusing on the inhumane capture and slaughter of dolphins in Taiji, Japan, it uses the methods of fiction storytelling to narrate the filmmakers’ investigation into these abuses. It’s when nonfiction films forget that they owe the audience a narrative that they encounter trouble, a fact that seems lost on many critics and is responsible for the fact that Quick Flix’s documentary shelf remains disproportionately full...