The phrase "mortgage meltdown" refers to a situation where many people are unable to pay back their home loans, causing a big problem for the housing market and economy. Full definition
He founded his company at the height of mortgage meltdown in 2008. (thebalance.com)
A spike in home foreclosures tied to the subprime mortgage meltdown in 2007 has led to a crisis of confidence in the bond markets and slowed lending activity. (nreionline.com)
The early 2000s are most often looked upon as the beginning of the subprime mortgage bubble which led to the devastating mortgage meltdown in 2008. (lendedu.com)