Sentence examples for a source of mortgage from inspiring English sources

Indeed, the plan's goal of eliminating Fannie Mae and Freddie Mac will dry up the alternative public funding that has provided a source of mortgage support ever since President Franklin Delano Roosevelt launched Fannie Mae to check the power of the banks over mortgages.

Such withdrawals have been a major source of mortgage funds for consumers in the past year.

Adding to the gloom, a $2 trillion source of mortgage funding in Europe, known as the covered-bond market, was temporarily suspended on November 21st because of sliding prices.All this turmoil is focusing attention on banks' capital ratios, the amount of money they set aside as a percentage of assets to cover unexpected losses.

Recent academic research has focused on the determinants of covered bond spreads and whether these instruments can become an alternative source of mortgage financing in the U.S.

They would be prevented from serving their basic purpose as a source of cheap money for mortgage loans.

Perhaps the lawyers saw no problem, or perhaps they feared that efforts to change the law would be blocked by county officials wanting to preserve a source of revenue from recording mortgage transactions.

Fannie Mae, the largest source of mortgage financing in the nation, said yesterday that its second-quarter earnings fell 25percentt as the value of financial contracts used to hedge against interest rate swings declined by $1.88 billion.

The solutions they offered were nice-sounding but impractical — "Re-establish a housing financial market that has long-term stability in which private capital is the primary source of mortgage financing" — and utterly in denial about the fact that it's the private market that has gone AWOL.

The country's third-largest source of mortgage loans, Countrywide lent $75 billion to homebuyers last year, beating out Bank of America, a company with 40 times its assets.

Ms. Lund points out that from 2003 to 2007, American homeowners took out $2.2 trillion from home equity loans and mortgage refinancings, a source of economic stimulus that will not return anytime soon.

Recent rises in interest rates, prompted by expectations that the Federal Reserve will start slowing the pace of asset purchases, will take a toll on mortgage refinancing, a source of revenue that has produced great gobs of money for banks in recent years.