Sentences with phrase «backed by mortgage»

The affordability of Homeownership has been helped in recent years by low interest rates and the availability of high loan - to - value mortgages backed by mortgage insurance.

«The market for homes under $ 1 - million has become «red hot,» agents say, and that's at least partly because new rules brought in by Ottawa last year make it impossible to get a loan backed by mortgage - default insurance if the property is valued in the seven figures... The result: Bids for $ 999,999, or close to it, are increasingly common as even some wealthy would - be homeowners struggle to secure the necessary financing under new government rules.»

S&P estimated a loss severity of 35 percent on deals backed by mortgage loans with a negative amortization feature while assuming a loss severity of 35 percent for transactions secured by adjustable - rate loans and short - reset hybrid loans with fixed - rate periods of less than five years.

Investors in securities backed by mortgage loans are unlikely to approve reductions of mortgage amounts.

Second, unlike the demand in the following article discussed by Mark Hanson, the demand for Houston and Texas housing is tied / backed by mortgages.

A mortgage backed security (MBS) is a security, typically a bond, that is backed by mortgages.

TD Bank economist Diana Petramala said low interest rates have allowed households to take on more debt, mostly backed by mortgages, and predicted the growth in debt will outpace income growth in the first half of this year.

The Ginnie Mae HMBS program provides liquidity for Federal Housing Administration (FHA) HECMs by allowing lenders to issue securities backed by these mortgages.

FHLMC promotes the flow of funds into the housing markets by purchasing conventional mortgages in the secondary market and selling securities backed by those mortgages in the capital market.

The subprime mortgage fallout continued to affect the banking industry as it became difficult to value debt instruments backed by mortgages and caused a temporary credit freeze in some markets during the late summer.

C.D.O.'s were a step removed — instead of buying mortgages, they bought bonds that were backed by mortgages, like the bonds issued by Subprime XYZ.

Issuance of so - called green bonds, which are backed by mortgages on climate - friendly assets, hit a record $ 155.5 billion worldwide in 2017.

Ginnie Mae, which issues securities backed by mortgages with government guarantees, wants Congress to grant it greater oversight over nonbank mortgage firms and provide money to perform «stress tests.»

Not exact matches

It reported diluted earnings per share of $ 1.27 ($ 3.62 expected) on revenue of $ 7.27 billion ($ 7.11 billion expected), after paying a mortgage - backed securities - related settlement that reduced diluted earnings by $ 3.41 per share.

Since 2007, Canada's largest banks have enthusiastically issued something called covered bonds, which are backed by residential mortgages.

The lawsuit stems from losses the pension fund suffered after the collapse of the housing market and defaults on formerly AAA - rated securities that were backed by pools of residential mortgages, Calpers said in a statement.

By the time it ended, in April 2010, an additional US$ 1.3 trillion worth of Treasuries and mortgage - backed securities sat on the Fed's balance sheet.

For the moment, Manulife and BMO have fallen back in line by reducing the visibility of their mortgage rates.

As part of the settlement, New York - based Goldman agreed to a list of facts put together by the DoJ that stated Goldman had misled investors about the mortgage - backed securities while knowing that the repackaged loans were indeed riskier than what they had told investors.

«This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,» said Acting Associate Attorney General Stuart F. Delery in a statement.

Back in 2010 it paid $ 550 million to settle charges brought by the Securities and Exchange Commission that it mislead investors into buying a so - called synthetic collateralized debt obligation named Abacus, which was made up of a bundle of financial instruments tied to subprime mortgage bonds, many of which plummeted in value shortly after the deal was sold.

The deal, which was backed by the Federal Reserve and the Treasury Department, avoided a collapse of the venerable investment bank suffering under the weight of bad mortgage debt.

But the positive news is overshadowed by its ongoing legal case and an impending multi-billion dollar fine from the U.S. Department of Justice (DOJ) over the bank's selling of toxic mortgage - backed securities ahead of the 2008 financial crisis.

His partner Humeniuk was a mortgage broker until being handed a lifetime ban by the Real Estate Council of Alberta in 2005 related to undisclosed infractions dating back to the period from 1998 to 2000.

The value of the Internet economy may be understated in GDP calculations, for example, but the omission is offset by artificial inflations in other sectors like financial services, which ballooned in the run - up to 2008 thanks to risky, unsustainable products like mortgage - backed securities.

Moreover, we know that 81 % of the mortgage - backed securities purchased by bankers for their own personal accounts were AAA - rated.

The effect could be greater if the federal government continues tightening mortgage rules by reducing the maximum amortization period from the current 30 years back to 25.

The down payment could be protected by a priority lien and would accrue interest at a regulated rate that could be paid back into the employees retirement account by the mortgage holder.

Benefits — Each family / real estate investor keeps average $ 600 / mo for 2 yrs, real estate in all major metropolitans will have a traded price, increase buying power of low income high credit citizens, stimulate real estate investment by making it easier for investors to cash flow a rental property, reduce home inventory, the increase home values and liquidity provides incentive to put the $ X trillion in capital currently on the sidelines back to work and mortgage prepayments will increase capital availability.

During this period, the Federal Reserve tried to support employment by cutting its federal funds rate target nearly to zero; by creating a number of special liquidity facilities to support the extension of credit; and by engaging in a large scale asset purchase program, buying Treasuries, agency debt and agency mortgage - backed securities.

One prime example of their destructive policies during the 2008 recession can be determined by Moody's downgrade of 83 % of $ 869 billion in mortgage - backed securities that were given a rating of «AAA» just the year before.

Its performance in this category is backed up by JD Power's survey score, which rates Quicken as one of the best companies for mortgage service satisfaction.

Valeri noted that could change, though, as occurred with the first round of quantitative easing, where a massive $ 1.25 trillion purchase of mortgage - backed securities was followed months later by a large - scale purchase of Treasury bonds.

Mortgage - backed Certificate - Mortgage - backed Certificate is a certificated backed by a pool of mortgagMortgage - backed Certificate - Mortgage - backed Certificate is a certificated backed by a pool of mortgagMortgage - backed Certificate is a certificated backed by a pool of mortgagemortgage loans.

The S&P 500 surged by more than 1.6 % and prices rose for mortgage - backed and agency securities and Treasury notes.

First - time homebuyer loans are offered by mortgage lenders — such as banks or credit unions — and are often backed by the government.

Most of the asset - backed securities in the dataset are underpinned by residential mortgages, covering around $ 400 billion of mortgages or about one - quarter of the total value of housing loans in Australia.

So the Fed has expanded its Treasury holdings by 5-fold (not to mention its ownership of mortgage backed securities has exploded from $ 0 to $ 1.7 trillion over the same period...)

Mortgage - backed securities are bonds whose cash flows are backed by individual mortgagMortgage - backed securities are bonds whose cash flows are backed by individual mortgagemortgage loans.

Investors in AAA rated mortgage - backed securities were initially sanguine about these information problems since these securities were thought to have a very low loss probability as determined by the credit rating agencies.

The bank, Canada's eighth - largest by market cap, says it has now bought back $ 268 million in problematic mortgages

Government bond funds invest in bonds issued by the U.S. government and government - sponsored enterprises, as well as mortgage and other asset - backed securities.

The SEC complaint goes on: ``... after participating in the portfolio selection, Paulson & Co. effectively shorted the RMBS [Residential Mortgage Backed Securities] portfolio it helped select by entering into credit default swaps (CDS) with Goldman Sachs to buy protection on specific layers of the ABACUS capital structure.

According to an analysis by former Lehman CFO Erin Callan, mortgage - backed securities accounted for a whopping 71 percent of Bear's Level 3 assets — defined as those that are hard to value.

Other mortgages: Home loans backed by the Veterans Administration and the Federal Housing Administration both have looser credit requirements, including low to no down payment requirements and DTI up to 54.9 %.

As you're no doubt aware, Bear Stearns» demise was fueled primarily by excessive leveraging and overweight exposure to junk mortgage - backed securities.

Back in last winter, the beginning of the year, we had the new measures put in place by the government around mortgage rules, and we assessed that there would be some moderation in the housing market.

We picked Chase as our recommendation for Michiganders buying their first home because it delivers a comprehensive set of mortgage options, backed by branch locations throughout the state and a relatively sophisticated online interface for managing your balances.

VA loan: These mortgages are backed by the Department of Veterans Affairs.

They warned that soaring United States mortgages backed by little more than the hope that land prices could only rise would lead to a real estate crisis.