Translation of "Mortgage default" in German

Although some people erroneous attribute the financial crisis to this mortgage default insurance and/or to securitization, these practices are perfectly legitimate and appropriate for financial markets.

Fannie Mae and Freddie Mac were inundated by default claims from the mortgage default insurance they had provided.

At most, it is a fault that, according to how, will be punishable with up to 100,000 euros, the value of a mortgage for the default in skipping the Anti-Tobacco Law.

The problem arose because Fanny Mae and Freddie Mac were the key institutions in providing mortgage default insurance and in buying subprime mortgages.

Both countries have seen a significant rise in mortgage defaults.

While American households have reduced their debt considerably (mainly through mortgage defaults), household debt in many other countries has continued to grow rapidly.

The fall in house prices also led to a sharp rise in mortgage defaults and foreclosures, which has increased the supply of homes on the market and caused house prices to fall further.

In the US, reviving the credit markets requires stopping the mortgage defaults driven by negative equity.

Two years could allow markets to see whether Spain’s banks can handle the decline of local real-estate prices, or whether mortgage defaults will lead to widespread bank failures, requiring the Spanish government to finance large deposit guarantees.

Against this background it is possible that banks may suffer significant losses, for example as a result of mortgage payment defaults or mortgage asset devaluation, in their 2007 accounts.

Nearly 50% of those who had their mortgages modified nevertheless defaulted within six months.

As a result, the special servicer who might handle such a defaulted mortgage has to deal with multiple, and possibly conflicting, ownership interests.

The shortsightedness back then was that few models had an input for a persistent drawdown in the market value of mortgages that might default should housing suffer an aggressive turn.

Also those lenders who had obtained default insurance now find that insurance is useless if Fannie Mae cannot pay off on the defaulted mortgages.

And investors willing to enter the residential apartment market may find opportunities among failed condominium conversion projects, either as equity investors or by buying defaulted mortgage debt.

This left the holders of subprime mortgages without credit default insurance and without a secondary market for subprime mortgages.

Speculators that bought CDS protection were betting that significant mortgage security defaults would occur, while the sellers such as AIG bet they would not.

And it is not clear at this point if banks and others that own large amounts of commercial mortgages are prepared to foreclose on defaulted mortgages and take responsibility for the management of all of the properties that would be involved.