Word: nov
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...Nov. 30, the departments of Treasury and Housing and Urban Development announced that they would no longer take kindly to mortgage firms that don't make modifications lasting. Teams of officials are headed to the nation's largest lenders for a closer look at what's going on, and starting in December public progress reports will include the number of loans being converted to permanent status - an attempt to shame the firms into quicker action. Monetary penalties could follow...
...called short sale). Distressed homeowners and housing counselors have long complained about short sales being scuttled by lenders that take too long to respond to a potential buyer's offer. The plan to beef up the process for these sales, originally announced in May, wasn't unveiled until Nov. 30 - and doesn't go into effect until April...
...government - and ultimately taxpayers - are sure to rise. "I find near unanimity of opinion that, whatever its shape, the final legislation that will emerge from Congress will markedly accelerate national health care spending rather than restrain it," Harvard Medical School dean Jeffrey S. Flier wrote in a scathing Nov. 17 Op-Ed in the Wall Street Journal. (Read "Understanding the Health-Care Debate: Your Indispensable Guide...
...Denver public-school system, which for more than a year has been utilizing such a growth model, is one of the first districts to adopt school turnaround plans that mimic those favored by the Education Department. On Nov. 30, the city's school board approved measures that would have the district employ each of the four turnaround strategies at various schools across the district. "We can't pretend that modest changes to the status quo are going to deliver significantly different results," says Denver superintendent Tom Boasberg, who has been on the job for a year since replacing former superintendent...
When Illyas Musayev heard that the Neva Express train had been bombed on Nov. 27, killing 26 well-to-do Russians and injuring about 100 others, the Chechen separatist was incredulous. He didn't want to believe that his former comrade in arms Doku Umarov had kept the pledge he made in August to bring his holy war out of the isolated Caucasus Mountains and into central Russia. But that is the picture that has emerged. On Wednesday, Umarov's Islamist group, the radical wing of the Chechen resistance, claimed responsibility for the attack on the train en route from...