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Just as other municipalities in Michigan are finding it more difficult to borrow in the wake of Detroit's proposal to change the historical understanding of its bond obligations, so too might American families face a steeper challenge as they look to become homeowners if lenders cannot count on homes' standing as collateral behind mortgage loans.
Similar(55)
Fairy tales standing as faith.
Innovation and intangible assets must become as attractive as collateral as bricks and mortar.
standing in as models.
Not since Microsoft dominated the desktop software world in the 1990s have tech and media companies viewed success as a last-man-standing affair, with the consumer as collateral damage.
He described her case as "collateral damage".
Culture is not hit as collateral damage.
The property and copyrights remain as collateral.
"It's seen as collateral damage.
In war, both sides destroy art, usually as collateral damage.
The shares had been pledged as collateral for a loan.
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CEO of Professional Science Editing for Scientists @ prosciediting.com