Word: primed
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Dates: during 2000-2009
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...homeowner who has always made mortgage payments on time, perhaps by sacrificing spending elsewhere, the whole concept may seem grossly unfair. But society's problems are unfortunately often our own. As the foreclosure rate has skyrocketed, and loan defaults have rippled from subprime mortgages into ones made to prime and near-prime borrowers, property values in many parts of the country have been pounded. There is an unavoidable correction going on in 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...
...struggling borrower's monthly payment. The Maryland Office of Financial Regulation, which collects data on some 380,000 loans from 65 servicers, found that of modifications completed last August and September, 42% kept the monthly payment the same and 18% actually raised it. An analysis of 3.5 million sub-prime and Alt-A loans by Valparaiso University's Alan White found that 68% of modified loans tacked on unpaid interest and fees, adding an average $10,800 to the balance due. A lender that caps the existing interest rate on an otherwise adjustable mortgage or reamortizes missed payments over...
...Maliki appears to have consolidated his power by trumping the Shi'ite rivals on whose support his government had long depended. Initial tallies show that candidates loyal to the Prime Minister won comfortably in 10 of the 14 participating provinces, including Baghdad. They failed to win, however, in the largely Shi'ite province of Karbala, in the mixed provinces of Diyala and Nineveh, and in largely Sunni Anbar, where unresolved allegations of election fraud among rival Sunni contenders have left the province fearing an outbreak of violence...
...Maliki has used his tenure as Prime Minister to emerge as the preeminent political figure in Iraq, enjoying a groundswell of popularity following his government's largely successful efforts alongside U.S. forces to battle militias and insurgents throughout southern Iraq and Baghdad. Still, Allawi's party is pleased with its performance: Iraqi National Accord-backed candidates drew 13.9% of the votes to finish second in the northern Salahuddin province, while in Baghdad they won 8.6% of the initial returns - in fourth place, although with a share of the vote close to that of the lists that finished second and third...
...have, really, the rule of law prevail in Iraq," says Allawi, complaining of corruption and a Shi'ite sectarian bias in the al-Maliki government. But as much as Allawi may see signs of a renaissance in the results, which will be finalized in a couple of weeks, Prime Minister al-Maliki will feel he passed with flying colors in this first major test of his political prospects...