Word: defaulting
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Dates: during 2000-2009
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...MORTGAGE BUST As more homeowners default, insurers face a rash of claims, spoiling their once sterling credit ratings...
Most consumers are unaware that the banks constantly monitor all their borrowing behavior. Even if you just get too close to your borrowing limit (a figure you probably don't know) on your cards and mortgages, as Groves did, you can trigger what the industry calls universal default...
...recent subprime mortgage crisis has closed the doors to American homes and hedge funds alike. The most commonly cited explanation for this is that an unforeseeable collapse in home prices forced homeowners to refinance their adjustable-rate mortgages at unrealistic rates, resulting in payment delinquency and outright default...
...addition, we welcome the move many students seem to be making toward other fields of interest. In the past, a large number of freshmen have opted to choose Government simply by default, because it was “the thing to do.” This mentality is reprehensible, as a reasoned and deliberate concentration choice is one of the most important decisions a Harvard undergrad will make. The reduction in Government concentrators can be seen, in part, as a welcome change in behavior: With more time to choose a field, students are tailoring their academic decisions to their particular...
...It’s possible that some students were Government concentrators as a default,” Hochschild said. “If they’re finding a smaller concentration that better suits their interests, maybe that is good for everybody...