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Mortgages in sentence

375 examples of Mortgages in a sentence

For example, many who are preoccupied with family, school, work, and mortgages may not consider it cost-effective to sift through a mass of often-inconsistent data to understand, say, the risks and benefits of nuclear power, plasticizers in children’s toys, or the Mediterranean diet.
But, while the global financial crisis did reveal fraud on a massive scale, the underlying cause of the crisis was not fraud but the failure of the market to knit together the self-interest of those who sold and resold sub-prime mortgages with the interests of the investors in financial institutions that bought them.
American mortgages were no longer held at the local bank, but had been repackaged in esoteric financial instruments and sold around the world; likewise, Greek government debt is in large part owed to foreigners.
In a paper presented at the session, Andrew Caplin of New York University spoke of the public’s lack of interest or comprehension of the rising risks associated with the FHA, which has been guaranteeing privately-issued mortgages since its creation during the housing crisis of the 1930’s.
Gyourko’s own 2013 study concludes that the FHA, now effectively leveraged 30 to one on guarantees of home mortgages that are themselves leveraged 30 to one, is underwater to the tune of tens of billions of dollars.
In my own paper for the session, I returned to the idea of the government encouraging privately-issued mortgages with preplanned workouts, thereby insuring them against the calamity of ending up underwater after home prices fall.
Second, the United States took advantage of this by lowering interest rates to unprecedented levels, inducing a housing bubble, with mortgages available to anyone not on a life-support system.
Even if the US Federal Reserve continues to lower interest rates, lenders will not rush to make more bad mortgages.
Moreover, America has been exporting its problems abroad, not just by selling toxic mortgages and bad financial practices, but through the ever-weakening dollar, in part a result of flawed macro- and micro-policies.
Yet precisely the opposite approach is now being taken in the United States, where some first-time homebuyers have now been given access to 97% loan-to-value mortgages.
The talent for financial innovation that produced harmful new home-mortgage options before the crash should now be harnessed to develop more flexible mortgages that help borrowers avoid default.
One example is “shared responsibility” mortgages, in which payments are reduced under certain circumstances, such as when home prices dip below the borrower’s purchase price.
While individual investors in bonds may face losses, defaults in the corporate-bond market are unlikely to have significant ripple effects across the system, as the securitized subprime mortgages that sparked the last financial crisis did.
The Germans want the ECB to focus only on large systemic banks, and leave smaller savings banks (like those that invested heavily in subprime mortgages) to national authorities.
The eurozone authorities thus permitted Greek banks to deny their customers the right to repay loans or mortgages in BE, thereby boosting the effective BE-FE exchange rate.
A very large share of these are US treasury bonds and mortgages.
When home prices stop rising, recent homebuyers may lose the enthusiasm to continue paying their mortgages – and investors lose faith in mortgage-backed securities.
In 2008, when the Landesbanks were found to be full of American subprime mortgages, the German government bailed them out with a €500 billion ($650 billion) rescue package at its taxpayers’ expense.
The Bank of England has now corrected this by announcing that it will no longer provide funding for mortgages.
Universal banks offer deposit accounts, credit cards, mortgages, business loans, and other products.
How else to explain why major banks and insurance companies bet their futures on mortgages that a little investigation would have shown to be junk?
In 2011, for example, the BRSA adopted a loan-to-value regulation on mortgages in order to limit rapid credit expansion stemming from growth in consumer loans.
Mortgages are available at outrageously high interest rates.
Already, $2.2 trillion of wealth has been wiped out, and about eight million households have negative equity: their homes’ are worth less than their mortgages.
Losses are spreading from sub-prime to near-prime and prime mortgages, commercial mortgages, and unsecured consumer credit (credit cards, auto loans, student loans).
Total financial losses – including possibly $1 trillion in mortgages and related securitized products – could be as high as $1.7 trillion.
Long periods of negative interest rates facilitated the unsustainable financing of asset purchases, with high-risk mortgages weakening national balance sheets.
Unlike the US Federal Reserve, it has not purchased subprime mortgages.
Talks among state officials, the Obama administration, and the banks are currently focused on reported abuses in servicing mortgages, foreclosing on homes, and evicting their residents.
About 10 million mortgages are estimated to be “underwater” (the house is worth less than the loan).
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