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It turns out that every time FHA has a loan default but it gets modified into a new loan, then this loan is a success and hence not counted as a defaulted loan.
FORBES: Meet The New Subprime: It Will Cost Us Billions
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It has a relatively decent default rate of under 10%, and rejects 70% of applicants after tapping into thousands of piece of public data on each one as part of its uniquely automated lending process, to make sure it picks people who will pay it back.
FORBES: TechCrunch Says Newspaper Killed Award For Wonga
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Facebook has made it a default for your check-ins to show up only to your friends.
FORBES: Facebook does 'Places' right when it comes to privacy
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That Berlin can attract both at the same time shows that if London thinks the title of Europe's premier tech hub is its by default, it has a fight on its hands.
WSJ: Berlin Eyes Careful Balance To Bolster Tech Sector
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Has the administration begun to prioritize how it will handle a default on August 3rd?
WHITEHOUSE: Press Briefing
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It has every incentive to keep the payments up, since failure would trigger a default on all its World Bank debt.
ECONOMIST: A Thai silk purse?
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In fact, this default is a default and not a success and to the extent it has been modified (lower interest or principal) it cost me and you the taxpayer, money.
FORBES: Meet The New Subprime: It Will Cost Us Billions
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Now this matters, because it is the first time that an EU institution has hinted that there is a realistic possibility of default by Greece, Ireland and Portugal.
BBC: Business
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It also has dropdown menus to select what kind of video camera to use (default, from a DV camera, etc.) and what kind of microphone to use.
FORBES: Chatroulette Is Back Up Again... Sort Of
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In a blog about the "unscheduled" update, Oracle says it has changed Java's default security settings to "high" which it says means users will be notified of any extra applications which start running while they are browsing.
BBC: Java still contains security flaws, experts claim
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Argentina says it has achieved a debt swap that moves it a step closer to resolving the difficulties caused by its huge default eight years ago.
BBC: Argentina achieves new debt swap