It's estimated that millions of Americans missed out on the chance to save money by refinancing
their mortgages after the housing crisis.
Not exact matches
After a slow and steady recovery following the
housing crisis of 2008, Leibowitz explains that American consumers generally had fewer problems with their
mortgages, better employment prospects, and greater access to credit, which made them less likely to file.
The bank said it had agreed to settle the lawsuit with the U.S. Federal
Housing Finance Agency (FHFA)
after being accused of mis - selling $ 32 billion of
mortgage - backed securities before the global financial
crisis.
As a result, first - time buyers who use the FHA loan program will continue to pay the elevated
mortgage insurance levels put in place
after the
housing crisis.
Jumbo
mortgages became scarce
after the
housing crisis.
The funding is awarded from
mortgage settlements the attorney general's office made with big banks
after the
housing crisis.
Jumbo
mortgages became scarce
after the
housing crisis.
In recent years, the reverse
mortgage market has once again become healthy,
after experiencing a brief fallout during the
housing crisis of 2006.
Trump's executive order, signed within hours of his inauguration, kept the cost of government - backed
mortgage insurance at the elevated level put in place
after the
housing crisis.
ARMs fell to around 3 % of total application volume
after the
housing crisis, as a result of being labeled a «high - risk»
mortgage product.
In an effort to stabilize the
mortgage market
after the
housing crisis, lending has become a constantly evolving practice, where old rules are thrown out and new ones - often aimed at protecting the consumer - are put in, such as the rules recently enacted by the Consumer Financial Protection Bureau.
After the
housing crisis, many home owners found their monthly payments increasing dramatically as a result of their adjustable - rate
mortgage resetting.
First enacted in 2007
after the
housing crisis, the
mortgage debt forgiveness exclusion provides substantial tax relief for families whose principal residence has been foreclosed.
Freddie Mac and rival Fannie Mae have been stuck with a bevy of soured
mortgages, bought out of bonds they guaranteed,
after a surge in defaults amid the U.S.
housing crisis.
After the 2007
housing crisis, more than a quarter of all Las Vegas
mortgages were «underwater», which means homeowners owed at least 125 % more than the actual market value of their homes.