At the middle school level (grades 6-8), Chinese students attend just under 1,000 hours of school per year, a figure similar to that of most U.S. states. Just as with India, the data shows that Chinese students are not required to receive 25 to 30 percent more in-school instruction per year than U.S. students.
REO is an acronym for R eal E state O wned and is industry jargon for foreclosure property repossessed by banks or lenders. If a lender or bank is the highest bidder at a foreclosure auction â or if no third party bids at the auction â the property reverts back to the lender and becomes an REO. REOs are owned by banks. Lenders go to great lengths to sell REOs.
Collateralized Mortgage Obligations (CMOs) 1 âalso known as Real Estate Mortgage Investment Conduits (REMICs)âare one of the most innovative investment vehicles available today, offering regular payments, relative safety, and notable yield advantages over other fixed-income securities of comparable credit quality.