Word: plan
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...federal government is most likely to create a safety net for the falling housing market with a plan that will allow people to stay in their homes by reducing their monthly payments. The FDIC and some members of Congress assume that residential real estate prices will decline slower this way and eventually begin to increase in value if houses are kept out of foreclosure. That may be true, but the plan could be quickly flanked by rising unemployment and the realization by people who can stay in their homes with federal help that they will never have the equity...
...will go over 9% in early 2010. While the government helps some people stay in their homes, the overall housing market could be overrun by foreclosures driven by job losses. Under these circumstances the value of homes will continue to fall. And as prices decline, the current homeowner rescue plan will keep people in their houses using mortgage assistance programs without helping them pay down the principle on their loans. These balances will get further out of touch with the overall market each day as the economy goes through a natural cycle. At least allowing them to go into foreclosure...
Brief Synopsis of Proposal: As a freshman at Harvard College with an intense interest in the thespian arts, I plan to do in-depth and ground-breaking research on an obscure regional playwright, William Shakespeare. Unbeknownst to the rest of Western society, he has turned out what may be the best plays in Greater Stratford-upon-Avon, if not up to and including all its suburbs...
...rapidly growing course preparatory Web site, FinalsClub.org, is moving forward with a plan to expand its site in spite of controversy over the legality of the venture...
Even as the site continues to grow, Magliozzi maintains that its purpose is not to make money. The Web site has filed for not-for-profit status and Magliozzi said that they do not plan to continue paying BETA testers after this year...