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Mortgage in sentence

506 examples of Mortgage in a sentence

Similarly, the continuous-workout mortgage adjusts payments and terms in specific cases, such as job loss.
In many countries, interest accrued on a mortgage remains tax deductible.
These policies did indeed reduce long- and medium-term interest rates on government securities and mortgage bonds.
The largest component of this subsidy is the tax deductibility of home mortgage interest, which costs a lot of revenue and is hard to justify on distributive grounds: the benefit goes only to those with incomes high enough to itemize deductions.
In that case, the deductibility of home mortgage interest should be among the first targets for reform.
The policies that favor mortgage debt are extremely popular.
Beyond the deductibility of home mortgage interest, borrowers are permitted to make down payments of as little as 5% (or even less) of the value of the house they buy, rather than the more standard 20%.
Another way the US has long subsidized housing debt is through the huge quasi-government mortgage underwriters Fannie Mae and Freddie Mac.
The Dodd-Frank law wisely required banks and other mortgage originators to retain on their books at least 5% of the housing loans they made, rather than repackaging every last one for resale to others.
Homeownership was no higher than in many countries with more sensible mortgage policies (no tax deductibility), like Canada.
The United States is experiencing a mortgage loss-driven financial meltdown that would, with an ordinary monetary policy, send it into a severe recession or a depression.
But, between the sub-prime US mortgage crisis and the dollar’s ongoing decline, America’s exorbitant privilege now looks a bit shaky.
The US tax code has long been biased toward low saving and debt-financed consumption; the deductibility of mortgage interest, the absence of any value-added or national sales tax, and a dearth of saving incentives are especially problematic.
Just as cheap mortgage financing papered over the cracks of growing income inequality in the United States, cheap capital from the north accelerated Europe’s apparent economic convergence.
There were thus other ways of increasing aggregate demand besides fiscal stimulus: doing more to induce lending, to help homeowners, to restructure mortgage debt, and to redress existing inequalities.
As Summers again knows full well, when Peter Orszag, the head of the Office of Management and Budget at the beginning of Obama’s first administration, and I analyzed the risks of mortgage lender Fannie Mae in 2002, we said that its lending practices at that time were safe.
Between the Bear Stearns crisis and the failure of Lehman Brothers, the United States government could do little to get ahead of the growing problem (though, of course, the government-backed mortgage underwriters Fannie Mae and Freddie Mac were placed under conservatorship in the interim).
Just as American presidents looked foolish when they bent US foreign policy to the dictates of American wheat farmers in the 1970’s and 1980’s, European governments that are prepared to mortgage Asian security to a restless China also command no respect.
It is common nowadays for people to conclude contracts that are so long and convoluted that signatories do not know what they entail (this was a major factor contributing to the subprime mortgage crisis in the United States, which fueled the global economic crisis and subsequent Great Recession).
Mortgage lenders seem to have believed that home buyers would not default, because rising prices would make keeping up with their payments very attractive.
The US Federal Reserve is sometimes blamed for the current mortgage crisis, because excessively loose monetary policy allegedly fueled the price boom that preceded it.
They have also rolled back sensible regulations of housing finance, including risk-retention rules, which force mortgage originators to keep some “skin in the game,” and requirements that borrowers make substantial down payments, which work to ensure ability to pay.
The sub-prime mortgage loan problem triggered a drop in some financial institutions’ key lines of business, particularly their opaque but extremely profitable derivatives businesses.
Schools, motor vehicle bureaus, adoption agencies, mortgage lenders, organ transplant registries all have a stake in information about genetic predispositions.
Fed chairman Ben Bernanke is now extremely concerned that the economy’s housing market and mortgage problems will cause a recession unless interest rates are aggressively cut even if this means taking some risks with inflation.
Mortgage debt equaled 16% of GDP in China, in contrast to 120% in the US.
Only 5% of people over the age of 15 in China had mortgage debt, and 8.2% had credit cards; the figures for the US were 33.4% and 61%, respectively.
Or the deposits can be consumer paper issued by KKR Atlantic Financing, and the loans can be CDO sub-prime mortgage tranches that KKR Atlantic holds in its portfolio.
Families that can no longer keep up with their mortgage payments will lose their homes.
The Debt DelusionWASHINGTON, DC -- A second big American interest-rate cut in a fortnight, alongside an economic stimulus plan that united Republicans and Democrats, demonstrates that US policymakers are keen to head off a recession that looks like the consequence of rising mortgage defaults and falling home prices.
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