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Under the new plan, servicers, the companies that collect mortgage checks, will be paid $1,000 every time they cut the interest rate on a loan to reduce the monthly payment to no more than 38% of a borrower's gross income. The government will split the cost of reducing the debt-to-income ratio further than that, down to 31%. Both servicers and borrowers will be paid up to $1,000 a year (for three and five years, respectively) for keeping the loan current...

Author: /time Magazine | Title: Will President Obama's New Housing Plan Work? | 2/19/2009 | See Source »

...depths of the recession, secondhand retailers have noted sharp upticks in phone calls from people interested in selling their old duds for a split of the profits. Others have noticed more new faces browsing the racks. And the regulars who already buy secondhand are now trawling the racks more frequently...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Shops Offer Clothes That Fit Consumers’ Wallets | 2/18/2009 | See Source »

...took nine of 11 events in an exhibition relay meet with Northeastern Friday at Blodgett Pool. Sophomore Katy Hinkle was part of three winning teams, anchoring the 150-yard butterfly relay and leading off in the 200-yard medley and 250-yard medley relay events. Hinkle posted the top split (25.92) for her 50-yard butterfly leg as she teamed up with sophomore Robyn Thom and junior Sophie Morgan to win the opening butterfly relay. As the meet shifted to graduated relays, Harvard continued to find success, winning the 500-yard freestyle relay (4:40.05). Freshman Monica Burgos, sophomore Holly...

Author: By Crimson Sports Staff | Title: BRIEF: Women’s swimming takes 9-of-11 events in final races before Ivies | 2/16/2009 | See Source »

...been 1.5 billion years or more since our ancestors split off from our fungal cousins. How did the genome of our ancestor change so that it could produce two-legged primates? One part of the answer is that mutations over time altered genes that encode proteins, and some of those changes have been favored by natural selection. But that does not mean that our genome - the sum total of our human DNA - is a finely tuned collection of protein-coding genes. In fact, a lot of mutations that all humans carry neither helped nor harmed our ancestors. They spread just...

Author: /time Magazine | Title: The Ever Evolving Theories of Darwin | 2/12/2009 | See Source »

Despite tenacious efforts up and down the lineup, the Crimson suffered back-to-back losses for the first time this year, falling to Yale 6-3.After a weekend split against Ivy rivals Princeton and Penn, the Harvard men’s squash team (6-4, 3-3 Ivy League) returned to the Barnaby Courts last night for its final regular-season match, hosting the third-ranked and archrival Bulldogs (13-2, 5-1). Yale promised to be a formidable opponent, showing energy and confidence as a result of winning five of their last six contests, and delivered with three matches...

Author: By Katie Kuzma, CONTRIBUTING WRITER | Title: Crimson Drops Close Decision To Yale | 2/12/2009 | See Source »

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