Sentence examples for defaulted on mortgages from inspiring English sources

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.

LONDON — A leading British mortgage lender was forced Monday to seek emergency help from investors and cut the price of a planned share sale as more borrowers defaulted on mortgages, sowing fears that the global credit crisis was weighing heavily on the broad economy.

In the 27 years since the program started, fewer than 10 of the 3,900 households have defaulted on mortgages, a rate that is close to zero, said Michael Gecan, a senior organizer with the Metro Industrial Areas Foundation, one of the forces behind the program.

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.

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.

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.