Word: rate
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...when a participating servicer changes the terms of a first mortgage, it will also have to reduce the interest rate on the second lien - to either 1% or 2%. The government will pay for half of the loss incurred by the loan owners, from the $50 billion bucket of money it had already pledged to housing-rescue programs. Mortgage servicers will be paid to make the change, and homeowners have their first-mortgage principal reduced as long as they stay current - by up to $250 a year for five years...
...past variations in climate. They found that helium-3—a rare noble gas isotope that is extremely depleted on Earth—proved to be a good tracer for the dust particles. “If you imagine material from space is raining down at a constant rate, and you measure the amount, you can basically figure out time,” he says. Today, Mukhopadhyay says he spends half his time trying to understand processes deep in the Earth’s interior and the other half understanding surface processes. The two, he says, are intimately connected...
...Boston, the rate of home foreclosure has risen dramatically in the past three years. Faced with what seemed like no alternatives, many tenants who were foreclosed upon accepted “cash for keys” deals, in which the bank paid the occupant a small sum in return for the occupant signing away the legal right to remain in the home...
...need to compromise - a little. In Congresswoman Carolyn Maloney, who represents much of Manhattan's armies of financial service workers and is head of the joint economic committee, they have found someone more to their liking. She has moved a bill that is less draconian than Dodd's, allowing rate boosts for existing and future...
...balances in most cases. The bill does incorporate into law many regulatory changes the Administration has already pushed through, like partially applying payments to highest interest rate balances...