The phrase
"mortgage debacle" refers to a situation or crisis involving mortgages, which are loans people get to buy houses. It suggests that there has been a problem or failure related to these loans, causing a lot of difficulties or negative consequences for people involved, such as financial losses, foreclosures, or economic instability.
Full definition
Synonyms for individual words can be found below.
«mortgage»
«debacle»
Sentences with «mortgage debacle»
- He is one of the first people to correctly predict the subprime - mortgage debacle of recent years. (octafinance.com)
- That fear largely stems from the creation of the Consumer Finance Protection Bureau, a provision of the Dodd - Frank financial reform legislation enacted after the subprime mortgage debacle five years ago. (wardsauto.com)
- I was worried that a NY race might not garner as much national media attention therefore Mr. Cuomo's time at HUD, which directly contributed to the Fannie Mae, Freddie Mac and sub-prime mortgage debacles, leading to the economic meltdown, might not be covered adequately however based on CNN's interest in Gov. Paterson and the NY Governor's seat I am sure CNN will spend ample time researching and explaining Cuomo's debacle. (politicalticker.blogs.cnn.com)
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sentences)