Sentence examples for defaulted on mortgage from inspiring English sources

Ms. Feldman suggested that another factor that might hurt sales of lower-priced houses is that an increasing number are offered as "short sales" by banks after homeowners have defaulted on mortgage payments, and buyers often do not want to undertake the usually arduous purchase process.

Following the separation, Lépine lived with his mother and younger sister Nadia; soon after, their home and possessions were seized when Gharbi defaulted on mortgage payments.

More than 1.6 million borrowers nationwide defaulted on mortgages last year.

The controversy included evidence that Mr. Raiolo had defaulted on mortgages for investment properties he had bought in Florida.

Bernanke and Paulson's reversals have been deeply unsettling, perhaps especially so for the millions of Americans who have lost jobs or defaulted on mortgages so far this year.

In 2007, the market started to turn when a collection of subprime borrowers defaulted on mortgages they never should have been given in the first place.

Aussie borrowers are less likely to default on mortgages than American ones, as lenders have a claim on all their assets, not just the property in question.

Perhaps the most damning criticism came from the committee's chairman, Barney Frank, the Massachusetts Democrat, who noted that although the bailout legislation had included specific provisions to address foreclosures, Americans continued to default on mortgages at a record rate.

A number of studies have found a striking increase in customers defaulting on mortgages they can still afford to service, mostly because they exceed the fallen value of their home.

They stress-test their portfolios, for instance to see what would happen if the Texas real-estate crisis 15 years ago were repeated nationwide: say, a 25% fall in house prices, no home equity left, people defaulting on mortgages.

He laid out a bleak sequence of events: homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt.