Sentence examples for defaulting mortgages from inspiring English sources
Recent government policy has encouraged workouts for defaulting mortgages — again an impromptu, after-the-fact measure.
The financial mess requires direct government participation in reorganising defaulting mortgages with public financing if need be.
Some propose that the putative new agency should manage and write down the underlying mortgages, in effect combining the functions of the RTC with a Depression-era institution, called the Home Owners Loan Corporationn, which bought and restructured defaulting mortgages.
"As we lend and invest hundreds of billions of dollars to help institutions suffering leveraged losses from defaulting mortgages, we must also devote some of that money to fixing the front-end problem: too many unaffordable home loans".
And now theres lots of eerie, macabre talk about financial corpses floating to the surface from the credit market crunch, triggered by defaulting mortgages, notably in subprime.
The banks have been overwhelmed by the unprecedented volume of defaulting mortgages in the wake of the housing crash.
Just days after the British government bought $22.5 billion worth of shares, the Edinburgh-based bank said it was extending the grace period for defaulting mortgage consumers to six months, from two months.
So if banks lose a trillion dollars from defaulting mortgage loans, their ability to lend is reduced by $10 trillion.
"I use Leo pretty much exclusively in L.A.," Graham Parish, a senior asset manager for AssetLink, which handles defaulted mortgages for Fidelity National Financial, says.
Because lawmakers are at work on a bailout fund that would buy the kind of distressed assets (defaulted mortgages, for example) that have ignited this firestorm.
For the time being, at least, they have prevailed.More surprising was the omission of another ambitious idea to allow the FHA to reinsure between 1m and 2m defaulted mortgages provided that lenders agree to sell them at a discount.
