Mortgages in example sentence
Worse, banks failed to understand the first principle of risk management: diversification only works when risks are not correlated, and macro-shocks (such as those that affect housing prices or borrowers’ ability to repay) affect the probability of default for all mortgages.
More example sentences with word mortgages
What they hadn't counted on was digitization, because that meant that all those paper receipts had been scanned in electronically, and it was very easy for somebody to just copy that entire database, put it on a disk, and then just saunter outside of Parliament, which they did, and then they shopped that disk to the highest bidder, which was the Daily Telegraph, and then, you all remember, there was weeks and weeks of revelations, everything from porn movies and bath plugs and new kitchens and mortgages that had never been paid off. 
