Sentence examples similar to mortgage replacement from inspiring English sources
Martin Feldstein, who chaired Ronald Reagan's Council of Economic Advisers (CEA) in the early 1980s, suggests creating "mortgage-replacement" loans to prevent distressed homeowners walking away from their debts.
In the budget, George Osborne had said that about another £16bn of B&B mortgages would be sold off and Banks's replacement as chief executive, the current finance director, Ian Hares, said this was expected to take place by 2018.
Since replacement loans are pegged not to the value of the original mortgage, but to the current value of the home (which in many cases is now well below the value of the mortgage) accepting the new mortgage means taking a sizeable write-off.
One possibility favored by some of President Obama's economic advisers, and by many Republicans, would not create any federal replacement for Fannie and Freddie, leaving the private markets to provide mortgages for most Americans.
In October, he asked Semerci's replacement, David Sobotka, a fifty-year-old former head of commodities trading, to review the mortgage portfolio and determine its worth.
After a long series of delays, officials at Jersey City Medical Center say they will finally begin building a replacement hospital this summer, now that the federal government has agreed to underwrite a $172 million mortgage.
In the light of such challenges, some divorce lawyers are reporting that an existing mortgage is increasingly being seen as a valuable asset in settlements because it is so difficult to secure replacement borrowing.
He claimed only half his mortgage costs and said all other home improvements "were to the same standard as what they replaced, and decoration and replacement of carpets is only done when absolutely necessary".
