Word: recentered
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...recent months, the FHA has suspended eight of its lenders, hired its first chief risk officer and taken other steps to beef up its controls. But some bad calls - whether from a lack of resources (it has long begged Congress to fund computer upgrades) or a lack of judgment - will haunt the agency for years. Loans it backed in 2006 and 2007 are souring at a particularly high rate because of seller-financed down payments; when a home buyer isn't the one ponying up equity, there is more than twice as much chance that the loan will...
...there are scenarios in which even more recent loans could be bigger trouble than anticipated. For its annual actuarial review, which the agency delivered to Congress on Nov. 12, the FHA asked its outside auditor to run a series of doom-and-gloom scenarios - including one that assumes house prices continue to slide and unemployment hits 12.5%. Only in the most dire, and unlikely, of such simulations does the FHA run out of money to cover its losses, which is why FHA commissioner David Stevens has repeatedly said the agency will not need to ask Congress for money...
With Sue’s recent failed romance and all her kindnesses in this episode, we’re learning she’s human, but we like that she only goes soft when she’s not around the main characters...
Though most museums around the world have strict policies on disposal (some prefer the term "deaccessioning"), they rarely shine a light on the process. They have reason to - there have been numerous public outcries over downsizing collections in recent years, especially when museums try to sell items. Cash-strapped Brandeis University in Waltham, Mass., was sued in July by art donors for moving to shut down its Rose Art Museum and sell off part of its $350 million collection. Last month, the university backed down and agreed to forgo the sale...
...other things, he is credited with seizing on John McCain's comment in the midst of last year's financial crisis that the "fundamentals of the economy are strong" - a line of attack that proved devastating to the Republican. The role of communications director has received unusual attention in recent weeks, with Dunn leading a sharp campaign against the Fox News Channel for being "part of the Republican party." Pfeiffer is widely expected to maintain that combative stance on the Administration's behalf. (Read "How They Did It: David Plouffe on Obama's 2008 Victory...