Help for unemployed borrowers: lessons from the Pennsylvania Homeowners’ Emergency Mortgage Assistance Program

In an environment of high foreclosure rates and distressed housing markets, federal policies are focusing on loan modifications to help delinquent homeowners pay their mortgages. While it is too soon to assess the effectiveness of these modifications, policymakers considering future refinements may gain insight from a more established, state-level enterprise that takes an alternative approach to mortgage relief. The Pennsylvania Homeowners’ Emergency Mortgage Assistance Program provides temporary income support to homeowners unable to pay their mortgage during a spell of unemployment. The program has helped most participants retain their homes while paying off their loans—at a potentially lower cost than that of other relief initiatives.Mortgages ; Unemployment

The Υ(nS){\Upsilon}(nS) →{\to} Bc∗πB_{c}^{\ast}{\pi}, Bc∗KB_{c}^{\ast}K decays with perturbative QCD approach

Besides the traditional strong and electromagnetic decay modes, ${\Upsilon}(nS)$ meson can also decay through the weak interactions within the standard model of elementary particle. With anticipation of copious ${\Upsilon}(nS)$ data samples at the running LHC and coming SuperKEKB experiments, the two-body nonleptonic bottom-changing ${\Upsilon}(nS)$ ${\to}$ $B_{c}^{\ast}{\pi}$, $B_{c}^{\ast}K$ decays ($n$ $=$ 1, 2, 3) are investigated with perturbative QCD approach firstly. The absolute branching ratios for ${\Upsilon}(nS)$ ${\to}$ $B_{c}^{\ast}{\pi}$ and $B_{c}^{\ast}K$ decays are estimated to reach up to about $10^{-10}$ and $10^{-11}$, respectively, which might possibly be measured by the future experiments.Comment: 16 pages, 3 figure