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Mortgages in sentence

375 examples of Mortgages in a sentence

And some favored one set of polices (say, resolving underwater mortgages and recapitalizing the banks), while opposing all the others (for example, deficit spending and raising inflation expectations).
Meanwhile, two speculative bubbles – in the real estate market and in mortgages – have become grafted upon each other and now dominate economic activity in the US.
It soon became clear, however, that the asset pools underpinning these transactions were often unstable, because they comprised increasingly low-quality mortgages.
Now, however, the trillion-dollar overnight repo market in housing mortgages is so large that, when the housing market retreats, financial stability could be threatened.
Treating housing mortgages as if they were US Treasury bonds was a mistake in 2008 and it is a mistake today.
Congress should also reverse its relentless promotion of home ownership, which made mortgages easy to acquire and mortgage pools easier to sell.
But examine the fundamentals: in America, real estate prices continue to fall, millions of homes are underwater, with the value of mortgages exceeding the market price, and unemployment is increasing, with hundreds of thousands reaching the end of their 39 weeks of unemployment insurance.
If nothing nasty happens – losses on mortgages, commercial real estate, business loans, and credit cards – the banks might just be able to make it through without another crisis.
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.
In Mexico, all mortgages carry fixed interest rates, unlike the infamous “exploding ARMs” that left US homeowners ruing their choice of adjustable-rate mortgages when interest rates rose.
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.
In the US, by contrast, 21% of adjustable-rate sub-prime mortgages are 90 days late or in foreclosure.
For example, governments could facilitate the write-down of mortgages in exchange for a share of any future home-price appreciation.
The foreclosure relief plan is off to an even slower start, and is likely to run into numerous problems concerning how to rework delinquent mortgages without inducing a lot more delinquencies.
Homes are most Americans’ major retirement asset, and, despite a recent pickup, housing prices are still 28% below their 2006 peak, while 28% of all homeowners owe more on their mortgages than their property is worth.
There are hundreds of other possibilities, including improved investor education and financial advice, more flexible mortgages, better kinds of securitization, more insurance for a broader array of life’s risks, and better management of career risks.
The problem is no longer merely sub-prime mortgages, but rather a “sub-prime” financial system.
Delinquencies, defaults, and foreclosures are now spreading from sub-prime to near-prime and prime mortgages.
Moreover, mortgages, mutual insurance, leasing, and microfinance are underdeveloped in Islamic finance; insolvency and bankruptcy procedures must be improved; and mechanisms to deal with “Islamic bond” defaults must be established.
Mexican homeowners who install energy-saving systems such as solar water heaters are becoming eligible for lower-rate “green mortgages.”
A third lesson derives from a little-noticed but vital aspect of the US experience: debt reduction is comparatively easy in the US, because the no-recourse feature of most mortgages there limits repayment obligations to the value of the house.
This implies that the crisis is likely to persist much longer than in the US, because households in Spain and Ireland will labor for decades to service mortgages on houses that they can no longer afford.
It was called securitized mortgages.
Of course, the mother of all bailouts is the absurd blank check the United States government is granting the giant home mortgage lending agencies Fannie Mae and Freddie Mac, which hold or guarantee $5 trillion in mortgages that are looking increasingly dubious.
His solution landed the housing market in the worst of all worlds: their managements knew that if the blank cheques were filled out they would lose their jobs, so they retrenched and made mortgages more expensive and less available.
Barack Obama has outlined four conditions that ought to be imposed: an upside for the taxpayers as well as a downside; a bipartisan board to oversee the process; help for homeowners as well as the holders of the mortgages; and some limits on the compensation of those who benefit from taxpayers’ money.
The terms of mortgages need to be adjusted to the homeowners’ ability to pay.
Making the necessary modifications is a delicate task rendered more difficult by the fact that many mortgages have been sliced up and repackaged in the form of collateralized debt obligations.
In August 2007, some German banks, at the earliest signs of difficulty because of their exposure to US sub-prime mortgages, started to talk only of 1931.
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