Word: resetted
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...crash on the market next year. That is when soaring interest rates are triggered, affecting borrowers in real estate hot spots-turned-problem areas such as Florida and California who signed up for negative amortization loans. A clause in many of those loans calls for them to be reset if the home's value drops a certain percentage below the loan's amount. "There quite easily could be a doubling of a monthly payment," he says...
...mental-health problems. Nearly 30% of troops on their third deployment suffer from serious mental-health problems, a top Army psychiatrist told Congress in March. The doctor, Colonel Charles Hoge, added that recent research has shown the current 12 months between combat tours "is insufficient time" for soldiers "to reset" and recover from the stress of a combat tour before heading back...
...Federal Deposit Insurance Corporation, and the Glass-Steagall Act separating banks from Wall Street. Now we're up to our elbows in another mess, albeit one that has yet to acquire a name for the ages. (Credit crunch? Subprime meltdown? Give me a break!) And so, as foreclosure follows reset subprime loan, talk has turned to the need for sweeping changes in how we regulate financial markets and institutions...
...work on Wall Street or in real estate, you're already feeling the credit squeeze. The same is true if you have a reset mortgage you can no longer afford or if you just want to sell your house, especially if you live where prices are truly crashing, like San Diego or Miami...
...Controversial call here by the ref. Harris and Big Ben of Columbia (#55) fight for the loose ball, and #55 seemingly rips the ball away from Harris as it goes out of bounds but the call goes to Columbia. On the reset, #55 quickly puts in another basket down low. [Columbia 45, Harvard...