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...committed to working with the cities, because they're viewed [by borrowers] as a trusted third party that helps us make early contact" with at-risk homeowners. Ohayon and other lenders also point out that while they're free to renegotiate the terms of mortgages they still own, the vast majority of troubled home loans have been securitized and are owned by a wide array of investors. Their permission is usually required for modification, and getting it can be a daunting task, which is why many experts have called on Washington to step in with some kind of mandated legal...

Author: /time Magazine | Title: Grass-Roots Efforts Aim to Ease the Foreclosure Crisis | 11/20/2008 | See Source »

...choir or trying to win over skeptics. His mission is not to defend the worthiness of Scarface but to establish the boundaries of this drug opus' lasting and profound influence. As a historian, Tucker is fair, acknowledging the film's many faults and the gradual emergence of a vast, underground fan base. And he spends a good many chapters detailing the ways in which the movie reached beyond the theater, inspiring everyone from TV producers to music executives to criminals...

Author: /time Magazine | Title: Scarface Nation | 11/19/2008 | See Source »

...great way to answer that criticism," Barnett says. He thinks the likelihood of the more radical voices gaining the upper hand in the discussions is low. "They are a minority among the exile community and they are a tiny majority among ordinary Tibetans living in China, the vast majority of whom will support whatever the Dalai Lama decides." In fact, reports indicate that the process of smoothing over divisions is already beginning to happen. "The exiles at the Dharamsala meeting already received messages from inside Tibet urging them not to fight among themselves and think about the future," he says...

Author: /time Magazine | Title: China Watches as Tibetan Talks Begin | 11/18/2008 | See Source »

...Penn celebrate its Ivy League title yesterday, its entire squad shared the same single thought: that should have been us.“We were the better team today, no question about it,” co-captain Luke Sager said.The Crimson (11-5, 5-2 Ivy) dominated the vast majority of yesterday afternoon’s match against the No. 24 Quakers, only to have a goal in the fifth minute of overtime bring its hopes of an Ivy championship to an end. With the 1-0 victory, Penn (11-2-4, 5-1-1) moved into first place...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Disappointing Finish to Regular Season | 11/17/2008 | See Source »

...SIIC's political relations department. He would not be drawn on why his party is not supporting al-Fadel's initiative, and few other senior members of the Supreme Council would offer public comment. The Supreme Council holds very little sway in Basra, and would fear seeing its vast oil riches, key to the economic viability of their own "super region" project, falling under the control of a separate entity...

Author: /time Magazine | Title: A New Twist in Iraq's Shi'ite Power Struggle | 11/16/2008 | See Source »

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