Mr. Wolk said subprime loans, those with more onerous terms, and Alt A mortgages, ones with more flexible borrowing conditions, accounted for nearly half the home loans in some South Side neighborhoods.
The government began preparing for much tougher borrowing conditions in the years since the financial crisis, shifting toward issuing longer-term debt.
Cash buyers were behind four in 10 property purchases in 2013, according to research that underlines the limited powers of the Bank of England to prevent a housing bubble by raising borrowing rates or restricting conditions for mortgages.
Up to the early 2000s the re-grading of countries in the aftermath of a negative event or in the wake of debt-servicing problems was seen as a cause of a further aggravation of economic conditions for the borrowing countries even though conditions were clearly improving (Korea and Thailand, 1997; Uruguay, 2002).
The stronger pound also kept the lid on inflation and kept interest rates low, creating the conditions for excessive personal borrowing and an asset-price spiral.
The following theorem borrowed from [18] provides necessary and sufficient conditions for physical realizability of Equation (1) for any Θ (canonical or degenerate canonical).
Under open contracting, ratings for Minas Gerais increased, providing better conditions for the state to borrow more money.
But for history buffs familiar with the real estate markets of the late 1980s and early 1990s, such conditions lend unease to the easy fluidity of the borrowing market, because they appear to describe the conditions for a perfect storm of overinvestment.
This is because we live in an increasingly complex world where (borrowing from Dietz et al., 2003 ) ideal conditions for governance (and for that matter conservation planning) are increasingly rare.
