Your English writing platform
Discover LudwigSuggestions(5)
Exact(44)
As prices collapsed, so did the value of the collateral.
"They are looking at the value of the collateral and the credit quality of the borrower".
"It's not the homeowner's fault that the value of the collateral drops," he said.
This raises the value of the collateral against which borrowing is secured.
The reason is the uncertainty about the value of the collateral after the collapse of the subprime mortgage market.
Banks will still be afraid to write mortgages because they won't trust the value of the collateral.
Similar(16)
The values of the collateral and the specifics are part of a confidential sealed agreement, making it difficult to determine exactly what happened.
Higher default rates have lowered the value of all the collateral backed by mortgages.
These loans often have little documentation of a borrower's income and rack up higher mortgage debt against the value of the underlying collateral (i.e., the house).
It then sold most of those loans to larger banks, and when the price of oil dropped in the early 1980's, so did the value of the creditors' collateral, much of which -- like Penn Square's "earnings" -- was inflated or even illusory to begin with.
During the life of the loan, the platform monitors both the value of the underlying collateral and keeps it securely stored in a fully-audited smart contract architecture.
More suggestions(15)
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