Your English writing platform
Discover LudwigSuggestions(1)
Exact(1)
Joseph Romano, the founder's son and president of the family-owned financial services business, estimated that in the last couple of weeks he alone had approved at least 30 refinancing loans with a total mortgage value in excess of $11 million.
Similar(59)
In a 33-page report released last week, it predicted that defaults related to these loans will represent $110 billion in losses, a fraction of total mortgage lending, and a drop in the bucket in terms of a drain on the overall economy.
At $905 billion, total auto loans are barely a tenth of total mortgage debt.
"There's a lot of other things that go into your ability to get approved" for a mortgage after a bankruptcy, said John Walsh, the president of Total Mortgage, a direct lender based in Milford, Conn.
We have heard reassuring utterances that subprime paper constitutes a fraction of the total mortgage market and, therefore, the current meltdown should not be a major strain on the economy.
If you received a Form 1098, write the total mortgage interest and points paid during the year on line 10.
That is a relatively small proportion of the total mortgage market, which is worth £1.2 trillion, according to the Council of Mortgage Lenders (CML).
Interest on up to $1 million in total mortgage debt (for a first and/or second home) is deductible, but only if the loan is used to buy or improve the house securing it.
Threadneedle Street commissions its own study of mortgage distress and found that a disturbingly high level of the UK's total mortgage debt is held by households where loans are a high multiple of income.
Wells Fargo officials have consistently declined interviews on the subject and noted only that their loans account for a small fraction of the nation's total mortgage lending.
Banks deem these loans to be very risky, "because there's nothing really tying anybody to a piece of raw land," said Mr. Walsh of Total Mortgage.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com