Sentence examples for permanent mortgage from inspiring English sources

The borrower refinances into a permanent mortgage after the house is completed.

When it reported its first-quarter earnings, the firm said that one of its foremost priorities was to announce a "permanent mortgage solution" that would maintain the division's stability and protect its remaining franchises.

Hope Now, a partnership of mortgage companies and nonprofit housing counselors, this month introduced "LoanPort," which lets borrowers seeking a permanent mortgage modification upload digitized versions of their documents and track the progress of their application, with the help of a loan counselor.

So far, however, only about 1.1 million homeowners have benefited from a permanent mortgage modification under the program.

These homeowners were supposed to receive lower payments on a trial basis lasting three months and then gain so-called permanent mortgage modifications--lowered payments lasting five years.

Jordan: In your testimony, you say in one year HAMP has made 'significant progress.' The numbers we have, as of the end of last month, Jan . 31 , 2010HAMP had achieved just over 116,000 permanent mortgage modifications.

But he made them permanent, mortgaging his country's future.

More than half of all permanent mortgages outstanding were originated between 2004 and 2007 and most were 10-year loans, so they will be maturing between 2014 and 2017 in what might well be a higher rate environment.

And more than a third of those in so-called permanent mortgages spend more than 80percentt of their monthly income servicing debt, raising questions about the long-term sustainability of the modifications.

Irish Life and Permanent, the mortgage lender controlled by Irish taxpayers, said it had suspended efforts to sell its life assurance unit after bids were too low.

A total of 18,000 housing units are to be put into development by small builders, using private construction financing and permanent private mortgages with a city subsidy in the form of a nominal-interest second mortgage of $12,000 to $15,000 an apartment.