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Mortgage in sentence

506 examples of Mortgage in a sentence

From 2000 through 2007, millions of American homeowners entered into mortgage contracts to finance their homes.
The Fed has explained that it will sell the large volume of mortgage securities that it now holds on its balance sheet, absorbing liquidity in the process.
Although some cuts in traditional outlays should be part of efforts to rein in spending, this approach should be supplemented by reducing “tax expenditures” – the special features of the tax code that subsidize health care, mortgage borrowing, local-government taxes, etc..Limiting tax expenditures could reduce the annual deficit by as much as 2% of GDP, thereby reducing the debt-to-GDP ratio in 2021 by more than 25 percentage points.
The crowding out of private demand, owing to higher government-bond yields – and the ensuing increase in mortgage rates and other private yields – could, in turn, endanger the recovery.
But overnight lenders could command even higher interest rates if they took as collateral a less-safe mortgage pool, so many did just that.
They balked at the idea of parking their cash overnight, with mortgage pools as collateral.
This expands the overnight market, makes mortgage lending easier, and increases the costs of collapse.
Most observers of the mortgage market believe that its growth accelerated in 2005, after Congress exempted mortgage bonds from most bankruptcy procedures – a move that would eliminate waiting time for repayment.
That change convinced mortgage lenders that their activities were ultra-safe: they no longer even had to worry about the quality of the borrower.
Congress should also reverse its relentless promotion of home ownership, which made mortgages easy to acquire and mortgage pools easier to sell.
If the US Treasury sold more short-term – rather than longer-term – obligations, fewer lenders would turn to mortgage pools.
If the US government had been compelled to abide by the same accounting rules as the private sector does, it would have been forced to consolidate Fannie Mae and Freddie Mac – the giant government-backed mortgage companies at the heart of the recent financial crisis – and to report all contingent liabilities at market value.
A few years ago, Kushner and his father bought the most expensive building in New York City, 666 Fifth Avenue, leaving them enormously indebted and unable to finance the mortgage.
Europe and the United States are both entering recession, and fears are mounting that the financial meltdown accompanying the sub-prime mortgage debacle has not worked itself out.
Many more economic agents face serious credit and solvency problems, including millions of households in the US, UK, and the Eurozone with excessive mortgages, hundreds of bankrupt sub-prime mortgage lenders, a growing number of distressed homebuilders, many highly leveraged and distressed financial institutions, and, increasingly, corporate-sector firms.
Today’s financial markets are dominated by non-bank institutions – investment banks, money market funds, hedge funds, mortgage lenders that do not accept deposits, so-called “structured investment vehicles,” and even states and local government investment funds – that have no direct or indirect access to the liquidity support of central banks.
The first blow was the subprime mortgage crisis in the United States, to which Europeans responded with self-satisfied reflections on the superior resilience of their social model.
Latin America's Resilient Housing MarketNew York – As the consequences of the sub-prime mortgage meltdown in the United States spread through global markets, will one of the most positive trends in Latin America – the expansion of local credit markets, which has dramatically expanded access to homeownership throughout the region –be jeopardized?
Big multinational banks and mortgage lenders have moved into markets across Latin America, providing financial services that allow lenders to better manage risk.
So far, the sub-prime crisis has had a limited direct impact on Latin America’s mortgage markets.
In Mexico, the market for new low-and middle-income housing has grown rapidly, thanks to the creation of a market for residential mortgage securities in 2003.
Most important, Latin America’s mortgage markets and homeowners are very different from those in the US.
Mexican mortgages are indexed to inflation, but the state mortgage agency links that index to the minimum wage and makes up the difference if mortgage interest adjustments for inflation outpace wage growth.
Thus, although delinquency rates have risen slightly in Mexico since the mortgage market was created in 2003, only about 5% of mortgages are between 31 and 60 days late.
Standard & Poor’s analyst Juan Pablo de Mollein points out that Mexico does not have a liquid secondary market where mortgage securities can be traded to buyers who are far removed from the original issuer.
In Mexico, for example, mortgage debt represents less than 10% of GDP, compared to about 50% of GDP in Europe and 82% of GDP in the US – a ratio that has increased more than fourfold in the last two decades.
As the US and Europe lower interest rates to try to revive their economies and calm financial markets, the most significant impact of the sub-prime mortgage crisis for Latin America may turn out to be inflation.
Ironically, then, the expanded access to mortgage lending that creates new homeowners in Latin America may end up protecting the region from the disaster that too-loose credit created in the US.
First, household-debt levels are enormous, capturing a quarter of income, with mortgage payments taking the lion’s share.
It drew a line across lower Manhattan and offered anyone living below that line the equivalent of three months' rent (or, if they owned their own apartment, three months' mortgage and maintenance payments).
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