Sentences with phrase «defaults on mortgages hit»
It's understandable; defaults on mortgages hit a peak of 11 % in 2011.
https://nationalcreditfederation.com/ Not exact matches
And these short sales (I'm going out on a limb here) may prove to be the first version of a new generation of mortgages that meet the needs of individuals more precisely — and are far less likely to be hit by defaults.
When housing hit the skids and homeowners defaulted on their mortgages, this insurance would rise in value — and Mr. Paulson would make a killing.
In my mind, the mortgage defaults will occur on a large scale when the recession hits, not before.
However due to the housing «crisis» and recession tied to it HUD had to increase the FHA's cost of borrowing to re-fund its MMI fund (Mutual Mortgage Insurance fund, which losses on FHA loans are paid to lenders from) that had taken a hit due to defaults and foreclosures in 2008 - 2012.