Word: worthely
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...peaks - the first is the rush of subprime resets that peaked in late 2007 and early 2008; the second is the upcoming wave of option ARMs, which don't hit their full reset stride until 2011. By the middle of next year, more then $10 billion worth of option ARMs will reset higher each month, according to data from mortgage tracker Loan Performance. That comes close to the figures we saw during subprime's height. (See the best business deals...
...good alternatives for rescue should they run into trouble. The traditional response of refinancing into a more affordable loan is off the table for many homeowners, considering that property prices have plummeted. More than 85% of option-ARM holders owe more on their loan than their house is worth, a situation known as negative equity or being underwater. Typically, a refinance is impossible without the borrower having at least 20% equity in a house...
...dissects nights at three Boston schools to discover whether time away from the "Harvard Bubble" is worth the effort to break the mold...
...demand that students had to register for them online days in advance. (You should check out the group even if it's just to read the moving thank-you note for the crowd’s cheering at the devastatingly close Princeton game. It’s worth...
...vicious circle works. While filibusters were occasionally broken, they also brought much of Clinton's agenda to a halt, and they made Washington look pathetic. In one case, GOP Senators successfully filibustered changes to a 122-year-old mining act, thus forcing the government to sell roughly $10 billion worth of gold rights to a Canadian company for less than $10,000. In another, Republicans filibustered legislation that would have applied employment laws to members of Congress - a reform they had loudly demanded...