Phrases with «mortgage debacle»

The phrase "mortgage debacle" refers to a situation or crisis involving mortgages, which are loans people get to buy houses. It suggests that there has been a problem or failure related to these loans, causing a lot of difficulties or negative consequences for people involved, such as financial losses, foreclosures, or economic instability. Full definition

Sentences with «mortgage debacle»

  • He is one of the first people to correctly predict the subprime - mortgage debacle of recent years. (octafinance.com)
  • That fear largely stems from the creation of the Consumer Finance Protection Bureau, a provision of the Dodd - Frank financial reform legislation enacted after the subprime mortgage debacle five years ago. (wardsauto.com)
  • I was worried that a NY race might not garner as much national media attention therefore Mr. Cuomo's time at HUD, which directly contributed to the Fannie Mae, Freddie Mac and sub-prime mortgage debacles, leading to the economic meltdown, might not be covered adequately however based on CNN's interest in Gov. Paterson and the NY Governor's seat I am sure CNN will spend ample time researching and explaining Cuomo's debacle. (politicalticker.blogs.cnn.com)
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