Word: resettings
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...that are being caused by unemployment. If you don't have a steady stream of income, you don't qualify for those loan-modification programs. People with those problems will inevitably wind up going into foreclosure. Secondly, we're going to see a whole slew of option-ARM loans reset next year. In many cases, these properties are going to be upside on the loan amount. In other words, the homes will be worth less than what's owed on the loans. The only way these loans will qualify for modifications is if the lenders took a huge principal-balance...
...crowd in the Yard yesterday began to disperse, one runner-up yelled “Reset!” in the hopes of sparking a second game. Although the participants continued to trickle out, Ross said Libonati and Paulus would like to facilitate many similarly random occasions in the future, not only at Harvard but in the greater Boston area as well...
...really got caught off guard by their speed,” said co-captain Elizabeth Goodman-Bacon. “It really took those first 35 minutes to get our act together. We needed to make some organizational changes at halftime and spend some time to reset and talk about what was happening...
...Russian President Dmitri Medvedev and Prime Minister Vladimir Putin made it clear from the outset of the Obama Administration that any effort to "reset" U.S.-Russian relations would require that Washington do more to accommodate Russian concerns - first and foremost, its opposition to the missile shield and to NATO's expansion into former Soviet-bloc countries. Soon after taking office, Obama reportedly wrote a private letter to Medvedev suggesting that the missile shield would become unnecessary were Russia to help the U.S. prevent Iran from developing into a nuclear threat. The Russians also made the missile shield a central issue...
...terms of the all-important spin wars, Obama successfully hit the reset button: he's regained the debate and turned the conversation back into something productive. But his plainspoken case for reform failed to convince many, if any, of those wavering votes in the chamber. "I don't think the audience was in the chamber. I think the audience was in the viewing public out there, to help them understand and reset the message that health-care reform benefits everybody one way or another," said moderate Nebraska Democratic Senator Ben Nelson, standing by the Capitol in front...