Word: welled
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...announce today a new set of programs to shore up the market, including one that will cut the amount owed on troubled mortgages. There is also expected to be an upward bump in the cash incentives to lenders who reduce mortgage principals as part of loan modification, as well as a requirement that lenders trim monthly mortgage payments for the newly unemployed for a period of several months...
...markets, especially for entry-level buyers. "Whenever a foreclosed property comes onto the market [in California], usually there are 10 people ready to jump on it," says Yun. The weakest markets include Florida, Las Vegas and Phoenix, which saw the largest pricing gains in the bubble years, as well as Michigan and Ohio, where job losses have been...
...same time, the industry is bracing for an avalanche of specialized adjustable-rate mortgages, known as option ARMs, as well as certain alt-A mortgages, to reset over the next 12 to 15 months. At least $60 billion in option ARMs will reset in 2010, and an additional $64 billion will do so in 2011, according to First American CoreLogic. Experts say this will likely trigger another round of mortgage defaults and foreclosures in the second half of 2010 and cause home prices to fall another 5% to 10% this year before the market bounces back...
...missions of up to nine days - "has an adverse effect on the ability of astronauts to conceive and bear healthy children to term." Though the study notes that the effects on the reproductive system of long-duration flights and the high-energy particle radiation found in space are not well known, some medical specialists hold that it's actually male astronauts whose reproductive capabilities are more vulnerable. "As far as the acute effects of radiation," says Dr. Richard Jennings, who practices gynecology and aerospace medicine in Texas and co-authored the study, "men are much more at risk than women...
...Observers sympathetic to Netanyahu paint him as the prisoner of a right-wing coalition in which settlers and other extremist elements are well represented. Making concessions on Jerusalem, the argument goes, would force the collapse of Netanyahu's government. Perhaps, but what that argument ignores is that, if he wants to make concessions for peace, Netanyahu has a willing coalition partner available in the form of the centrist Kadima Party, whose 28 seats make it the largest party in the 120-seat parliament. Together with the 27 held by his own Likud Party and the 13 held by Labor (which...