Sentence examples for mortgage design from inspiring English sources

The adoption of this mortgage design has implications for the affordability of housing if interest rates should rise.

We integrate the literature of mortgage design with that of informal savings schemes (i.e., ROSCAs/ASCRAs) to illustrate that this mode of financing dissipates credit risk better than the formal mode of financing.

We develop a tractable general equilibrium framework of housing and mortgage markets with aggregate and idiosyncratic risks, costly liquidity and strategic defaults, empirically relevant informational asymmetries, and endogenous mortgage design.

This mortgage design embeds an insurance contract at origination that reduces the interest bearing balance to the smaller of the unpaid balance and an estimate of the current home value in exchange for an additional premium in the mortgage note rate.

I hasten to add that I believe the current mortgage design is in many respects obsolete and badly needs an upgrade.

Alternative mortgage designs have been suggested to overcome the tilt, though these may involve other sources of risk.

As the subprime mortgage market flourished in the 1990s, innovative lenders turned to a new type of loan: the 2/28 mortgage, designed to allow borrowers with less-than-ideal credit to buy a home and to repair their credit histories.

But a growing number of homeowners are refinancing into shorter-term mortgages designed to make the dream become a reality sooner.

Every high street bank in the country started flogging unaffordable mortgages designed to keep millions of new customers on their hooks for life.

Customers fled; independence was lost.Contrast this, Mr Macey observes, to the experience of Goldman Sachs, which profited from the financial crisis by selling clients investments in its "Abacus" fund, a portfolio of mortgages designed to fail.

And in Japan in the 90s, rocketing property prices led to the development of 100-year mortgages, designed to be paid off by the borrower's children and grandchildren.