Word: tiding
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Those attempts to avoid moral hazard, though, might make the plan less effective in stemming the tide of foreclosures. "This goes a long way but not far enough," says Bruce Marks, who runs the Neighborhood Assistance Corporation of America, a nonprofit that works with servicers to restructure loans. After five years, the interest rate on modified loans can rise again, up to the industry average when the change is made, even if that pushes borrowers above the 38% payment-to-income ratio. The plan encourages but does not require servicers to make adjustments to principal balance - the generally acknowledged best...
...Minnesota case, the CFTC complaint charges Hays with misappropriating investor funds to purchase a $4 million yacht, among other things. Hays could not be located for comment. "Hays ran his Ponzi scheme from his yacht but was grounded when the tide turned as federal authorities exposed this egregious fraud," said Obie in a prepared statement. When asked why the Ponzi surge is so great now, Obie said, "What you're seeing is the collapse of Ponzi funds in hard economic times - but I'm afraid as times get tougher, we're going to see new fraud develop, especially foreign-currency...
...likely that investors will be reluctant to bet on nascent signs of improving credit so long as the housing market remains in turmoil. On Wednesday morning President Obama and Treasury Secretary Timothy Geithner will appear at a high school in Arizona to unveil their new plan to stem the tide of housing foreclosures. The financial community's response to that plan will likely be writ large in the stock market averages by late morning...
...victory. The Crimson chugged along, leading by as much as 10 over an underperforming Lions team. Harvard forced fouls left and right and utilized a number of free throws to drive its assault.But as the clock ticked down, a mind-numbing series of turnovers and failed possessions turned the tide and gave the Lions a chance to chomp away at Harvard’s lead. While Columbia amped up its offensive assault, the Crimson lost steam, stumbling through a 5:52 offensive drought and managing only four attempts in the final five minutes.“We didn?...
...language of industrial production as art criticism: "Sheet art is generally dried in smoke and is dark brown in color. Bulk art is air-dried, and changes color in particular historical epochs." (Barthelme quotes lose some of their magic out of context, like a colorful shell removed from a tide pool.) In Snow White--to which the New Yorker devoted almost an entire issue in 1967--the heroine sighs, "Oh I wish there were some words in the world that were not the words I always hear...