Short, usually 30-year, leases give them little security, and they cannot mortgage them to raise money.
But he made them permanent, mortgaging his country's future.
We'll take your mortgages, securitize them, slice them into categories based on default risk, use computer models to match default risk with yield and sell them to willing buyers.
Left to our own devices, we are all "bad guys," each prone to avarice and violence, clamoring for power and selling our souls to vilify those we believe threaten our interests and double-mortgaging them to support whomever we believe will protect them.
Talk to the "structurers" who, until 2008, built ever more complex instruments with ever more worthless US mortgages in them, and you hear them resorting to amorality.
Because of these loans, fewer of them are able to qualify for mortgages, depriving them of a major retirement asset.
The two government-sponsored enterprises provide a secondary market for mortgages, purchasing them from originating lenders, and sometimes selling them as guaranteed securities.
Instead of saving, too many of them have mortgaged their futures for a BMW lifestyle.
To be determined: Will this "capital" help companies grow or push them to mortgage their future?
"We're not paying these people's mortgages for them".
These vast holdings — roughly $400 billion — are worthless if the first mortgages preceding them are underwater.
