Sentence examples for mortgages generated from inspiring English sources

Known as "affordability products," the mortgages generated big commissions up front and were designed to require refinancing later on — which included yet another round of luscious fees for lenders.

Mistakes in hedging the bank's servicing portfolio (which is supposed to make money from administering mortgages) generated a huge loss in the second quarter causing WaMu's income from home mortgages to plummet from $531m in the first quarter of this year, to nothing in the second.

Their demand for higher-yielding subprime mortgages and their creation of even higher yielding derivatives on those mortgages generated an irresistible incentive structure that was a ticking time bomb just waiting to blow up.

Meanwhile, the Fed sat back and watched as Wall Street's financial wizards engineered diabolically complicated investments linked to mortgages, generating huge amounts of speculative capital that turned real estate into a conflagration.

A mortgage generates an annual fee equal to only about 0.25 percent of the loan's total value, or about $500 a year on a typical $200,000 mortgage.

Amid the campaign furor over Mr. Romney's wealth and taxes, the relatively tiny real estate investment — the mortgage generates less than $2,500 in annual interest income, according to his disclosures — has gone largely, though not entirely, overlooked.

In contrast, mortgages might generate 5% and unsecured lending closer to 10%.

Countrywide also has a unit that issues commercial paper backed by mortgages, to generate cash for more loan originations.

"In essence, Taub encumbered Ocean House with fraudulently inflated mortgages to generate profits for himself and his family through the company that he controlled, rather than use the funds to improve the Ocean House facility," Mr. Morgenthau said.

Banks are expected to reveal next week that they are making bigger profits out of their high street customers than they were a year ago as their mortgage businesses generate bigger returns and bad debt charges fall.

For $17.5 million last September, the former owners of the Florida grove bought a piece of an industrial office park with four fully rented office buildings, producing enough rent to pay off the mortgage and generate a steady source of profit, which came out to $8,000 in income for the Patakis for the three months the partnership owned the property last year.