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The regime's reluctance to default reflects a healthy fear of the possible consequences.
Borrowers know a default reflects poorly both on themselves and their supporters, and because reputations are on the line, social participation creates a more responsible and involved borrower.
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A central question is whether the stickiness of the default rule reflects a genuine change in values, or instead employee confusion or bargaining strategy.
Some troubled mortgage companies like to point the finger at HUD. "Sterling National Mortgage Co.'s default rate reflects the fact that we responded promptly and in earnest to FHA's request to assist borrowers during the credit crisis," said a spokesman for this Great Neck, N.Y., company.
The remaining portion, by default, primarily reflected the value investors placed on long-term growth prospects.
It thinks that that the alarmist comments about a possible default probably reflect an ill-advised continuation of the election campaign and therefore more 'bad rhetorical surprises' could be in store.But the comparison is out of date.1.1
The agency said it downgraded Greece's debt ratings from Caa1, already deep in junk-bond territory, to Ca — one step above default — "to reflect the expected loss implied by the proposed debt exchanges".
Reusable code allows to implement functionalities such as a graphical user interface (GUI), a browser designed for the end user, with a fully extensible default layout reflecting a classical GIS application.
This one-size-fits-most diagnosis became a default diagnosis, reflecting the inadequate criteria of DSM-IV's eating disorders chapter.
While these different default approaches reflect different underlying assumptions, there is general agreement on the preference for use of MOA to inform the dose response assessment.
It is possible, however, that the delayed rise in the credit card default rate partly reflects the decision by those compiling the indexes to wait longer to consider an account in default.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com