Your English writing platform
Discover LudwigSuggestions(2)
Exact(2)
While not everyone affected is a poor credit risk, much of the booming business of debt consolidation focuses on such borrowers -- what is known as the subprime market.
Even now, a decade into Japan's downturn, banks are reluctant to pull the plug on such borrowers.
Similar(55)
But even affluent suburbs have their share of such borrowers.
In a speech on Tuesday, Federal Reserve Chairman Ben Bernanke recommended reductions in principal for such borrowers as a possibly "more effective means of avoiding delinquency and foreclosure".
As time went on, there were clearly more and more such borrowers, for the later empire is marked by a general economic decline.
During the boom years, such borrowers could rely on housing price appreciation or a benign interest rate environment to allow them to refinance (often at higher valuations and loan-to-values).
As a result, such borrowers find it easier to service their debts, bringing spreads further down, and so on.
Increasingly, such borrowers are inclined to walk away and accept foreclosure, rather than continuing to make payments on properties in which they own no equity.
Historically, microlenders point out, such borrowers are excellent risks.
The federal government levies a so-called "recapture" tax on such gains, if the borrowers' incomes and housing profits exceed a certain amount.
The borrower on such a house owes more on it than the house is worth.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com