Sentences with phrase «entered default on their mortgages»

When the housing market began to crash, a startling number of people entered default on their mortgages.

Not exact matches

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.
Borrowers certainly don't enter any long term mortgage agreement with the full intent of defaulting on the loan and lenders wouldn't issue any mortgage if it was clear the borrowers had no desire to keep the house.
[Or simply edit an existing mortgage calculator on your website] 2) Choose your Region (US / Canada) > Select a type of Calculator > and click on Set Defaults 3) Enter the default data you wish to display on your mortgage calculator > Click on Set Defaults when you are done 4) That's it!
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