Word: windes
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...along comes Begleiter, an investment banker who has grabbed a coveted place in the "November Nine." He wouldn't be there if not for the implosion of his longtime employer Bear Stearns, where he headed corporate strategy and helped wind down the firm's business amid the financial panic of 2008. The demise of Bears Stearns marked the rise of Begs the poker player. After the firm was sold to JPMorgan in March of 2008, Begleiter was without work and looking for someplace to let off steam. "I decided what the heck," he recalls. "I'm going to play...
...those homes won't wind up being repossessed, right? In a normal market, probably a majority of homeowners that wind up being delinquent or even in the early stages of default find a way to cure their loan. Right now the numbers aren't quite as promising. Probably over 50% of the homes that enter foreclosure will wind up going back to the banks. But it is still a fairly large number that either through loan modifications or short sales or refinancing do manage to avoid foreclosure...
Next waves? Right now we're dealing with a growing number of foreclosures that are being caused by unemployment. If you don't have a steady stream of income, you don't qualify for those loan-modification programs. People with those problems will inevitably wind up going into foreclosure. Secondly, we're going to see a whole slew of option-ARM loans reset next year. In many cases, these properties are going to be upside on the loan amount. In other words, the homes will be worth less than what's owed on the loans. The only way these loans...
...Read "A Wind Shift Coming in the Global-Warming Debate...
Harvard inked a deal yesterday to purchase 10 percent of annual electricity consumed on its Cambridge and Allston campuses from a leading wind provider in New England...