November 16, 2012 • A program that backed lots of
mortgages during the housing bust may soon need taxpayer money to make good on its promises.
Not exact matches
Granted, adjustable
mortgages created problems for a lot of homeowners before,
during and after the
housing bust.
When the (thin) equity cushions quickly evaporated
during the recent
housing bust, refinancing
mortgaged homes became very difficult and often impossible for these individuals,» wrote the authors.