Sentence examples for reduction of mortgage from inspiring English sources

"If the current trend in reduction of mortgage rates continues, it will undoubtedly assist in the housing market's gradual return to more normalised conditions," Redrow said.

It also would require banks to overhaul their mortgage servicing and foreclosure practices as well as include a component for "principal write-downs," the reduction of mortgage debt for individual homeowners.

The settlement would require the banks to overhaul their mortgage servicing and foreclosure practices as well as include a component for "principal write-downs," or the reduction of mortgage debt for individual homeowners.

They would also be required to accelerate the reduction of their mortgage holdings to hit a cap of $250 billion by 2018, four years earlier than planned.

Said Mr. Liniger: One proposal being considered that really shocks most of us in real estate is the elimination or reduction of the mortgage interest deduction.

Treasury's plan calls for the reduction of their mortgage-backed securities portfolios starting in 2010, at a 10% annual clip.

At issue now is whether the government will push for some form of principal reduction for mortgage holders who owe more than their homes are worth or whether it will stick to mainly modifying loans by lowering interest rates.

DeMarco, a Bush administration appointee, has opposed offering a form of loan forgiveness, known as principal reduction, on mortgages held or guaranteed by Fannie Mae and Freddie Mac.

Adam Glantz, a spokesman for HUD, said that in some cases, lenders will agree to a "special forbearance," whereby the lender may provide for a temporary reduction or suspension of mortgage payments to let a homeowner in arrears recover.

EverBank plans to evaluate eligible borrowers still in the process of foreclosure for a reduction of their monthly mortgage payments.

Buoyed by a resurgence in stock and bond underwriting deals as well as a reduction of losses on mortgage and credit card loans, Citigroup reported earnings of $2.2 billion, its third profitable quarter in a row.