Sentences with phrase «by a mortgage default»

If Andrew Mackenzie and Sam Walsh are right, then Western Australia's commodity dependent economy could be at the start of a recovery; and not before time, given the weakening state of the property market as measured by mortgage defaults.

A pool of mortgages with less than 80 % loan to value ratio can be insured by a mortgage default insurer is known as a portfolio insurance.

Not exact matches

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.

«The only way you can make matters worse,» says Ballentine, «is by keeping the business loan and your home mortgage at the same bank, which might impose a «cross-default» mechanism on you — so that both loans automatically go into default if you run into problems with either one of them.»

So for the great majority of the Canadian mortgage market, the risk of default is shouldered not by the banks, but by taxpayers.

Mortgage default insurance is required by federal law for all homebuyers making a down payment of 20 % or less; an average Canadian home purchased with 5 % down requires more than $ 10,000 in mortgage insurance pMortgage default insurance is required by federal law for all homebuyers making a down payment of 20 % or less; an average Canadian home purchased with 5 % down requires more than $ 10,000 in mortgage insurance pmortgage insurance premiums.

If the participants in the program are not making more money by that time or mortgage rates have increased significantly, or both, they could find themselves strapped and in a position to default.

(Unlike the homes and vehicles that are financed by mortgages and car loans that can be taken by the bank in case of default).

You can see a visual display of how the concept works by visiting http://protequitygroup.com/epm/ By protecting a borrower's equity in an «Equity - Protected Mortgage» (EPM), we can prevent underwater mortgages, and thus voluntary defaults (akaby visiting http://protequitygroup.com/epm/ By protecting a borrower's equity in an «Equity - Protected Mortgage» (EPM), we can prevent underwater mortgages, and thus voluntary defaults (akaBy protecting a borrower's equity in an «Equity - Protected Mortgage» (EPM), we can prevent underwater mortgages, and thus voluntary defaults (aka..

Research indicates that by 2007 the percentage of nonprime mortgages that went into default within their first year rose to 10 percent compared with 3 percent of such loans originated in 2003.

Not long after she took charge in June 2006, Bair began sounding the alarm about the dangers posed by the explosive growth of subprime mortgages, which she feared would not only ravage neighborhoods when homeowners began to default — as they inevitably did — but also wreak havoc on the banking system.

Although some 700,000 homeowners have gotten modified mortgages through the program, that number is dwarfed by the millions of foreclosures that have taken place and the millions of homeowners in default today.

The Obama Administration's Wall Street managers have kept the debt overhead in place — toxic mortgage debt, junk bonds, and most seriously, the novel web of collateralized debt obligations (CDO), credit default swaps (almost monopolized by A.I.G.) and kindred financial derivatives of a basically mathematical character that have developed in the 1990s and early 2000s.

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.

Private mortgage insurance (PMI) is a special type of insurance policy that is paid by the borrower and protects lenders against loss if a borrower defaults.

Private Mortgage Insurance (PMI) is a special type of insurance policy, provided by private insurers, to protect a lender against loss if a borrower defaults.

Further mortgage writedowns, defaults and increased credit difficulties remain a concern, as does commodity price weakness (not necessarily immediate, but soon enough) and the prospect of earnings risk and layoffs driven by cost reductions.

As I emphasized last week, the large «term financing» and «term securities lending» programs initiated by the Fed do not expose the Fed to default risk in mortgage collateral it accepts from the banks that act as primary dealers.

PMI is paid by mortgage borrowers, protecting mortgage lenders against default and foreclosure.

While mortgage rules in Canada differ by province, all are full recourse with the sole exceptions being Alberta and Saskatchewan in situations where borrowers have not purchased mortgage default insurance (such as from CMHC).

But Shiller said the psychology and patriotism of bubbles — the idea that a national can't spot the problems that an outsider can — are not represented by Canada's low default rates and a system of mortgage insurance that protects banks from default.

May data showed a decline in the composite index, led by a 26 basis point drop in first mortgage default rates.

They are insured by the Federal Housing Administration, which will fully compensate a lender if a borrower defaults on his FHA mortgage.

Mortgage insurance (MI) is almost always required by lenders when the down payment is less than 20 % because a loan with a low down payment is riskier and the insurance protects the lender if the home buyer defaults.

Second mortgage default rates fell by even more -LSB-...]

July data showed a small decline in the composite index, while first mortgage default rate were unchanged and second mortgage default rates rose by two basis points.

The govt, thus the rest of us, is bailing out the idiots who are defaulting on their mortgages by taking control of F&F.

The regulations regarding mortgage delinquency, default and foreclosure vary by state.

Private mortgage insurance (PMI): Insurance against default issued by a private company on conventional mortgage loans.

At least half the mortgage defaults are not by people who truly can't pay their mortgages, rather they are by «strategic defaulters» who don't WANT to pay their mortgages because the value of what they borrowed against their home, went down.

Once home prices started to fall, sometimes from overheated speculation by those who thought home prices would continue going up, purchasers had to sell off their mortgages at a loss (or go into default) in order to cover their losses.

Treasury chief secretary Yvette Cooper has called for a halt in repossessions of properties by banks in the instance of default by mortgage holders.

In 2014, the couple needed a new loan from a mortgage company that was co-founded by an associate of Cuomo to stave off a default on the original mortgage, the records show.

Protecting Consumers Utilizing Reverse Mortgages: Often utilized by seniors, protections include settlement conferences in cases where the default was triggered by the death of the last surviving borrower and allowing the last surviving borrower's spouse or successor who has a claim to ownership to engage in settlement conference.

The Great Recession, characterized by devastating mortgage defaults, has challenged the conventional wisdom that home ownership is a good investment, particularly for those with low and moderate incomes.

According to a study published in the journal of Epidemiology and Community Health, co-authored by Jason N. Houle, assistant professor of sociology at Dartmouth College and Danya E. Keene, assistant professor of epidemiology (chronic diseases) at the Yale School of Public Health, changes in health limitations and chronic conditions increased the risk of mortgage default and foreclosure between 2007 and 2010.

(ii) within such period as may be specified in the guarantee or related agreements, the Secretary shall pay to the holder of the guarantee, to the extent provided under subsection (a)(2), the unpaid interest on, and unpaid principal of the portion of guaranteed portion of the mortgage with respect to which the borrower has defaulted, unless the Secretary finds that there was no default by the borrower in the payment of interest or principal or that the default has been remedied.

Built into the Action Replay are codes that give the player an infinite supply of any item (not including «not used» items by default), infinite Bells, the ability to reduce their mortgage by huge amounts, the ability to remove weeds, and so on.

By insuring the loans against default, the FHA gives lenders the confidence to make more loans, so mortgages become available to a wider portion of the U.S. population.

For example, for mortgages originated at the height of the housing crisis in 2007, the cumulative default rate on loans held by Fannie Mae totaled 14.4 %, while for Freddie Mac it was 8.3 %.

Also referred to as «Traditional Mortgage Insurance» BPMI is insurance issued by a private company that protects the lender against loan default.

A higher credit score is favored by lenders, because it suggests that a borrower is less likely to default on the mortgage.

Conventional mortgage loans and FHA loans are two of the most popular types of home financing available, and their major difference comes down to insurance — FHA loans are backed by the government, meaning your lender is protected in the case that you default, whereas conventional loans do not provide the same security.

Foreclosure — When a homeowner defaults by failing to make payments on their mortgage, the lender that holds the mortgage is given legal ownership of the property to allow them to recoup the money that was lent.

Mortgages work by allowing you to buy a home, but should you default on the loan, the bank is allowed to seize, foreclose, and auction the home to cover the costs of buying the property.

Third, if someone has walked - away from a mortgage commitment — a «strategically default» — then their ability to enter into a mortgage agreement is compromised by their history.

When the investors in the Big Short predicted the Global Financial Crisis by examining the credit quality of the bonds underlying the popular mortgage - backed securities, they purchased credit default swaps against the MBSs & CDOs and profited tremendously.

Such loans carry guarantees for lenders against default by the federal government, along with lower interest rates than for conventional mortgages and low (or no) down payment requirements.

They bet on a collapse in the mortgage market by buying what are called credit default swaps (CDS), a form of insurance against bad loans.

Mortgage Insurance Premium Monthly payments made by a mortgage borrower to the Federal Housing Administration (FHA), or to a private lender for transmittal to the FHA, to protect against default on mortgage pMortgage Insurance Premium Monthly payments made by a mortgage borrower to the Federal Housing Administration (FHA), or to a private lender for transmittal to the FHA, to protect against default on mortgage pmortgage borrower to the Federal Housing Administration (FHA), or to a private lender for transmittal to the FHA, to protect against default on mortgage pmortgage payments.