Word: poorly
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...option adjustable-rate mortgage the next subprime disaster? For anyone who remembers that souring subprime loans kicked off the real estate meltdown, that's a scary thought. Recent analysis from Standard & Poor's (S&P) anticipates that a full 37.5% of such loans (dubbed option ARMs) that were written in 2007, at the height of lax lending, will eventually go bad. The kicker is that most option ARMs undergo payment spikes after five years, which means the brunt of the impact has yet to be felt. That will change in late 2010, delivering another blow to the fragile housing market...
...When problems first arose in subprime, homeowners and financiers alike were caught off guard. But since those early days of the real estate crisis, all sorts of loans have gone sour in large numbers, including plain-vanilla 30-year fixed rates. "Option ARMs don't have the monopoly on poor performance," says Amherst senior managing director Laurie Goodman. "It permeates the market." When the resets come, we'll feel it - but it won't be anything we haven't felt before...
...refugee status and what rights they are guaranteed. As a result, Dhaka has not registered a single refugee since 1991, and, as one of the most impoverished nations in the world, does not have the financial resources to cope with such a huge number of people. "We are a poor country and we have our own issues to deal with," says one local from Cox's Bazaar district, where the greatest concentration of Rohingyas live...
...Haitian government estimates that there are about 300,000 restaveks in Haiti today. In many cases before and after the quake, parents and orphanages have delivered their kids to well-meaning but naive foreigners like the Idaho missionaries, who were collared on Jan. 29 for trying to ferry 33 poor Haitian children in a bus, without proper documents, into the Dominican Republic for eventual adoption in the U.S. (See children's messages of hope for Haiti...
...woman who only a few days before had found an infant abandoned in an open-air latrine. The NGO contacted UNICEF, which is registering the baby and conducting a search through various media, like radio, for her family. What's more, even though the woman who found her is poor, she has been allowed to care for the infant under the UNICEF network's supervision - largely because experts like de la Soudiere says it's often a better option to keep children in their own communities instead of giving them to wealthier families who might make them restaveks...