mortgage

Examples of mortgage in the following topics:

• The Financial Crisis

  • More importantly, banks were making high-risk, high-interest mortgage loans called subprime mortgages to consumers who often misunderstood their complex terms and lacked the ability to make the required payments.
  • Even though CDOs consisted of subprime mortgages, credit card debt, and other risky investments, credit ratings agencies had a financial incentive to rate them as very safe.
  • People began to default on their loans, and more than one hundred mortgage lenders went out of business.
  • More importantly, millions of homeowners who had expected to sell their houses at a profit and pay off their adjustable-rate mortgages were now stuck in houses with values shrinking below their purchasing price and forced to make mortgage payments they could no longer afford.
  • Some European nations had suffered similar speculation bubbles in housing, but all had bought into the mortgage securities market and suffered the losses of assets, jobs, and demand as a result.

• The G.I. Bill of Rights

  • Benefits included low-cost mortgages, low-interest loans to start a business, cash payments of tuition and living expenses to attend university, high school or vocational education, as well as one year of unemployment compensation.
  • Of the first 67,000 mortgages insured by the G.I.
  • Additionally, banks and mortgage agencies refused loans to African Americans, making the G.I.
  • A large demand for housing followed from the GI Bill’s mortgage subsidies, leading to the expansion of suburbs and the new American middle class.

• Anti-Trust Laws

  • For instance, the 1916 Federal Farm Loan Act provided for issuance of low-cost, long term mortgages to farmers, and the Adamson Act imposed an eight-hour workday in the railroad industry (prompted by the 1916 summer strike by railroad employees).

• The George W. Bush Administration

  • Largely as a result of a deregulated bond market and dubious innovations in home mortgages, the nation reached the pinnacle of a real estate boom in 2007, followed almost immediately by the economic collapse and Great Recession of 2008.

• The Growth of Suburbs

  • After World War II, availability of Federal Housing Administration mortgage loans stimulated a housing boom in American suburbs.
  • The federal government contributed to white flight and the early decay of non-white city neighborhoods by withholding maintenance capital mortgages, thus making it difficult for the communities to either retain or attract middle-class residents.

• The Panic of 1857

  • The Panic of 1857 was set into motion with the failure of Ohio Life Insurance and Trust Company, which had large mortgage holdings and ties to national investment banks.

• Congressional Initiatives

  • The agency gave $2 billion in aid to state and local governments, and made loans to banks, railroads, mortgage associations and other businesses.

• The Economy and the Silver Solution

  • Many populist organizations favored an inflationary monetary policy on the grounds that it would enable debtors, often farmers who had mortgages on their land, to pay their debts off with cheaper, more readily-available dollars.

• The Agrarian and Populist Movements

  • For the Southern farmer, a clear enemy was the crop-lien system, in which farmers mortgaged their future crops in return for furnished supplies.

• The Great Migration and the "Promised Land"

  • Mortgage discrimination and redlining in inner-city areas limited the newer African American migrants' ability to determine their own housing or obtain a fair price.