Mortgage Debt

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Mortgage Debt

The balance still owed on a mortgage. One's level of mortgage debt compared to his/her equity or other assets may determine how much he/she can borrow. See also: Refinancing.
References in periodicals archive ?
Those who extracted home equity toward the end of the housing boom in 2006 were more than twice as likely to become severely delinquent on their mortgage debts over the subsequent four yearsand they were also almost 40 percent more likely to become delinquent on non-mortgage debt as well.
A federal judge has ruled out Federal Deposit Insurance Corporation (FDIC) lawsuits against Citigroup Inc (NYSE: C), Bank of New York Mellon Corp (NYSE: BK) and US Bancorp (NYSE: USB) related to mortgage debts.
Someone aged between 16 and 24 years old now could be aged 74 by the time they can celebrate becoming debt-free, the report found, as rising property prices lead to bigger mortgage debts.
Rock bottom mortgage rates and poor returns on savings have made it more attractive for people to use any spare cash they have to pay down their mortgage debts.
A BANK said yesterday they want to keep the pressure on disgraced former Rangers owner Craig Whyte over unpaid mortgage debts on his Highland castle.
Dr Archer questioned the Bank's analysis that there was little sign that families are generally making an active effort to pay down their mortgage debts more quickly.
THE number of older people needing help with mortgage debts has soared by 44%, figures revealed.
In the South-East, where mortgage debts are heaviest, Abbey reckons one in five borrowers could make an overpayment.
Most lenders, however, insist that with real property being the safest investment at the current moment, people's desire to take on mortgage debts makes sense.
Luring people to take on six-figure mortgage debts by making the cost of owning equivalent to renting, after the mortgage-interest deduction, may promote bourgeois stability.
Homeowners have refinanced mortgage debts through a wide range of financial institutions, although commercial banks and savings institutions (savings and loan associations and savings banks) have been the predominant sources of funds (table3).
A TYCOON facing a court rap over bank mortgage debts has insisted he will fight to keep his properties.

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