Word: procession
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Dates: during 2000-2009
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...sign-off for a permanent modification. And borrowers are not without fault. Some 375,000 homeowners should be eligible for permanent modifications by the end of the year, according to the Treasury Department, but some 20% of them haven't provided any of the documentation necessary to complete the process, and twice as many have parts of their paperwork missing. (Read "Q&A: The Outlook for Home Foreclosures...
...sell their home for less than is owed on the mortgage (a so-called short sale). Distressed homeowners and housing counselors have long complained about short sales being scuttled by lenders that take too long to respond to a potential buyer's offer. The plan to beef up the process for these sales, originally announced in May, wasn't unveiled until Nov. 30 - and doesn't go into effect until April...
This year’s plan is the result of a months-long process triggered by financial troubles that began in February. The opening up of high-salary tenured positions will give FAS greater flexibility with salary costs...
...player that any changes it makes can lead the way for reforms in the private market. As originally envisioned, the new agency would essentially take over Congress's current authority to set Medicare payment rates for hospitals, doctors, nursing homes and other health care providers. It would use a process like the military-base-closing commission, whose recommendations automatically go into effect unless Congress votes to block them...
...turns out, however, lawmakers are reluctant to cede the power to steer extra money to hospitals in their own districts, and the House rejected the commission idea outright. While the Senate bill does contain a version of the commission, it has become weaker at every turn in the process. Under a deal to win hospitals' support for the bill, the Senate Finance Committee agreed they would be exempt from the commission's recommendations at least through 2019; doctors, hospices and medical-equipment suppliers would be beyond its reach entirely. Who is left? Maybe no one. "The exception for hospitals...