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Assuming we rule out widespread mortgage fraud and another ruinous credit bubble, there is NO mechanism to sustain these prices".
"Given the widespread mortgage servicing problems we've seen over the past few years," he said, "consumers need clear disclosures they can count on".
It paints a picture of widespread mortgage fraud: one disabled borrower in his 80s was described on his loan form as being in light construction.Individual missteps are chronicled, too.
And she was a fierce, and often lonely, proponent of widespread mortgage modification, for reasons both compassionate (to help struggling homeowners stay in their homes) and economic (fewer foreclosures would help the troubled housing market recover more quickly).
Rate cuts won't attack the proximate causes of today's economic turmoil — widespread mortgage defaults at one end of the economic scale and a credit squeeze afflicting Wall Street at the other, both rooted in the excesses of the housing boom.
The Kirchner government has appointed members of consumer advocacy groups to government regulatory bodies, passed laws that have prevented widespread mortgage foreclosures and made it easier to make and prescribe generic drugs.
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Despite evidence of widespread interconnected mortgage lending, securitization, and foreclosure wrong-doing and fraud, there are no meaningful felony indictments of senior executives at mortgage lenders or of senior executives of banks bailed out by taxpayers.
Banks engaged in widespread massive mortgage securitization fraud.
The third cluster is the easy homeownership regime, where homeownership is very much widespread and mortgages are easily accessible.
Fears of a widespread rise in mortgage interest rates are growing after a decision by Clydesdale and Yorkshire banks to follow Halifax and raise their basic lending rate from 4.59%to4.95%5%.
But a widespread lack of mortgage financing is making it hard for Toll to convert its orders into sales because even eager home buyers are still having trouble either selling their own homes or obtaining mortgages, said Merrill H. Ross, an analyst at BGB Securities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com