Sentence examples for make mortgage loans from inspiring English sources

With the banks unwilling to make mortgage loans on their own, you simply cannot buy a house in America today without Fannie and Freddie's help.

"They're in the business to make mortgage loans, so all they're doing is continuing their business," said Gail Cunningham, a spokeswoman for the National Foundation for Credit Counseling.

Prosecutors said the executives diverted funds lent them by banks to make mortgage loans, and instead used the money to pay operating expenses.

And while banks were willing to make mortgage loans for more than the value of the house before the credit crisis, buyers now find they must put up at least 10 percent, and often substantially more.

Banks were unwilling to make mortgage loans or to open branches, national chain stores could not be lured uptown, city services lagged and the neighborhood became economically isolated from the rest of Manhattan.

Lenders slashed the amount of credit they were prepared to make available late last year, and they intend restricting it again in the first quarter of 2008.The housing market is already wilting, as banks tighten the terms on which they make mortgage loans and would-be buyers take fright at the possibility of instant losses on their purchases.

Bankers made mortgage loans to less-than-credit-worthy borrowers on easy terms, then sold the loans to other investors, who would sell them to still others.

Other critics of Fannie and Freddie make the opposite point, that government support for housing, by making mortgage loans more affordable, is distorting the economy.

And people could also place money in more adventurous funds that made mortgage loans, or extended lines of credit or played the market in derivatives.

Most banks that are now making mortgage loans are offering only loans that can be immediately sold to Fannie Mae or Freddie Mac, the government-controlled and federally financed enterprises.

Roosevelt, he says, came to the rescue of ordinary people, financing public works programs that created jobs and making mortgage loans to homeowners facing foreclosure.