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Mortgage in sentence

506 examples of Mortgage in a sentence

Then there was the Nixon shock of 1971 (when the American president took the dollar off the gold standard and imposed wage, price, and trade controls), the 1982 international debt crisis in Mexico, the 1992 crisis in the European Exchange Rate Mechanism, and the 2007 subprime mortgage crisis in the United States.
The term “shadow banking” gained prominence during the subprime mortgage crisis in the United States to account for non-bank assets in the capital market, such as money-market funds, asset-backed securities, and leveraged derivative products, usually funded by investment banks and large institutional investors.
Moreover, the mechanisms by which the US Federal Reserve’s purchases of asset-backed securities stimulate consumer spending – low mortgage rates, widely available home refinancing, high housing prices, and home-equity withdrawal – function differently in the eurozone.
And the housing wealth of existing owners does not translate into significantly higher spending, given the lack of access to home-equity loans and cheap mortgage refinancing.
The current crisis originated in the subprime mortgage market.ampnbsp;
With the nationalization of America’s two giant mortgage banks, Fannie Mae and Freddie Mac, following the nationalization earlier this year of Britain’s Northern Rock, governments have started stepping in again to prevent market meltdowns.
When the pyramid starts crumbling, government – that is, taxpayers – must step in to refinance the banking system, revive mortgage markets, and prevent economic collapse.
Moreover, real estate prices might fall dramatically, in which case many households may find the value of their mortgage exceeding the value of their house.
By 2010, the fall in home prices will be close to 30% with $6.6 trillion of home equity destroyed and 21 million households – 40% of the 51 million with a mortgage – facing negative equity.
Given how financially stretched US households are, a good part of this tax rebate may be used to pay down high credit card balances (or other unsecured consumer credit) or to postpone mortgage delinquency.
Occupy the Mortgage LendersWASHINGTON, DC – Participants in the Occupy Wall Street movement are right to argue that the big banks have never properly been investigated for the mortgage origination, aggregation, and securitization behavior that was central to the financial crisis – and to the loss of more than eight million jobs.
But, thanks to the efforts of New York’s attorney general, Eric Schneiderman, and others, serious discussion has started in the United States about an out-of court mortgage settlement between state attorney generals and prominent financial-sector firms.
The scale and structure of any out-of-court mortgage settlement should address the damage inflicted by the alleged pattern of behavior.
But, in America’s home mortgage market, this is much less common.
In practice, the banks have consistently dragged their feet on mortgage restructuring – and are laying off staff, rather than hiring people who could help them deal with an initiative of the required scale.
Bail-out facilities were then extended ad hoc to investment banks, mortgage providers, and big insurers like AIG, protecting managers, creditors, and stock-holders against loss.
Of course, there is no glee in seeing stock prices tumble as a result of soaring mortgage defaults.
Too many Americans built no cushion into their budgets, and mortgage companies, focusing on the fees generated by new mortgages, did not encourage them to do so.
At the same time, the Fed is already reducing its holdings of US Treasury bills and mortgage bonds.
Today, the defunct economic theory is that a rapid shift in preferences – colorfully called a “reduced appetite for risk” – is the key reason behind the current sub-prime mortgage and financial crisis.
Led by Ben Bernanke, a former leading academic economist, the Fed at first fell into the trap of turning a blind eye to the wider consequences of the sub-prime mortgage crisis.
After the sub-prime mortgage crisis, politicians alleged that the market was short-sighted and irrational, and rushed to propose new regulations.
For example, banks would curtail mortgage lending in response to higher rates paid on sterilization bonds, forcing consumers to save more in order to buy houses.
We cannot mortgage her future to pay for an inherently unsustainable and inequitable way of life.
Moreover, political gridlock will ensure that little is done about the other festering problems confronting the American economy: mortgage foreclosures are likely to continue unabated (legal complications aside); small and medium-sized enterprises are likely to continue to be starved of funds; and the small and medium-sized banks that traditionally provide them with credit are likely to continue to struggle to survive.
What is news is the Obama administration’s reluctant and belated recognition that its efforts to get the housing and mortgage markets working again have largely failed.
It is perplexing because in conventional analyses of which activities should be in the public domain, running the national mortgage market is never mentioned.
But that is precisely why a government-managed mortgage market is dangerous.
Credit risk in the mortgage market is being assumed by the government, and market risk by the Fed.
First, the banks that used to do conventional mortgage lending are in bad financial shape.
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