Word: roling
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...chance you have the Federal Housing Administration to thank. The Depression-era agency, once the last resort of folks who were less-than-perfect credit risks, was practically forgotten during the real estate boom - anyone with a pulse qualified for a mortgage. Now the FHA has resumed its old role by propping up the housing market, since private lenders began shunning all but the least-risky loans. The FHA doesn't lend directly but rather entices lenders do so by agreeing to cover any losses. The FHA stood behind fewer than 3% of new mortgages in 2006. In 2009, just...
...Congress does wind up extending emergency funds to the FHA - which is a full-fledged part of the Federal Government, unlike quasi-government bailout beneficiaries Fannie Mae and Freddie Mac - it will be in large part because of the role the agency has played in stabilizing the housing market. Last spring, as first-time home buyers rushed to take advantage of the $8,000 tax credit designed to lure them into the market, the FHA insured a full 49% of their mortgages. In October, Congress renewed a higher limit on the size of FHA loans...
...documentary “Collision” features a series of debates between the prominent public atheist intellectual Christopher Hitchens and theologian Douglas Wilson on the role of Christianity and the world. Some of the interesting things from the documentary...
...FlyBy can’t stand the character of Sandy Ryerson, but we enjoyed his return as the pot cupcake-enabling Chronic Lady. Can it be long before he schemes his way into the school again, or will his role going forward be like this rare appearance as the go-to drug dealer...
...position the U.S. used to occupy. Ever since its foray in Indochina four decades ago - not to mention its earlier occupation of the Philippines, where it maintained military bases for decades - the U.S. has garnered suspicion for its muscular interventions in the region. Having China take up the role of regional heavy might feel like a relief. But increasing irrelevance isn't an enviable position, either. In his 90 minutes, Obama will have a lot of explaining to do - no matter how pleased ASEAN's leaders will be to meet...