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Some people with option ARMs have already seen their payments spike, thanks to caps on negative amortization - that is, a loan balance that grows, instead of shrinks, over time. In its report, Amherst dissected one such loan, which was written in 2007 for $465,000 over 40 years. A minimum...
The numbers support this theory. All told, the Pudding punched some 115 students this spring, who were joined by only 30 additional “non-punch” candidates. The process may have been open, but a full 80 percent of those considered for membership received an official invitation...
In all seriousness, the issue does have its funny moments. Here are some highlights:
During the summer, Kruse participated in the Program for Research in Science and Engineering while conducting his research. He also travelled to Princeton University to meet with some of the professors who conducted the Sloan Digital Sky Survey—a major project collating observational data about stellar objects.
Last weekend, Penn did the unthinkable and, with a 3-15 record, soundly defeated the then-No. 22 Big Red, 79-64. The score elicited double takes around the country with some calling it the biggest upset of the college basketball season.