Word: involvedness
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Of greater concern to many analysts is the pending expiration of the Federal Reserve program, which involved purchasing up to $1.25 trillion in mortgage securities backed by Fannie Mae and Freddie Mac. It could open the door to higher interest rates, although the Fed last week hinted that it would...
Under the new plan, unveiled Friday, March 26, banks will be asked to lower the principal loan balance for certain homeowners whose mortgages exceed the value of their homes. The loans would be refinanced as mortgages insured by the Federal Housing Administration (FHA), fully backed by the government. In the...
Initial reactions to the plan are mixed. Bob Curran, managing director of Fitch Ratings, calls it a step in the right direction. He says principal reductions will likely be more effective in modifying loans than past efforts that involved only interest-rate cuts and extensions of loan terms. "The loan...
The races for timber, gold and coltan are largely to blame for habitat loss, said the report. Militias sell their goods to middlemen and corporations that ignore the destruction caused by the resource trade, and they must be held accountable for the loss of biodiversity in the region. "Companies involved...
Faculty and administrators involved in earlier discussions said they were uncertain where the proposal currently stands.