Word: mortgagees
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Preston Martin, Henry Wallich, J. Charles Partee, Emmett Rice, Martha Seger. To most Americans, those names could be a random selection from a telephone book or maybe the supporting cast of the movie Revenge of the Nerds. But though they garner little recognition, Martin, Wallich & Co. are some of the...
The financial industry was perhaps even more spooked than consumers were. Community's subsidiary is delinquent in payments on $1.4 billion in mortgages and other securities that it sold to about 110 large investors and thrifts. A default on those securities could cause collapses among weaker institutions. It also could...
Millions of individuals certainly have. Tempted by easy credit and a cornucopia of everything from cars to compact disks, consumers across the U.S. are becoming overextended. The Mortgage Bankers Association said last month that mortgage delinquencies reached 6.19% in the first quarter of 1985, the highest level since that group...
Not all overtaxed individuals turn to professional help. Erica Chambre, 34, the personnel director for an oil and gas company in Oakland, extricated herself from a morass of debt by disciplined effort. When her borrowings reached $40,000 on top of a $65,000 mortgage, Chambre, who was earning $35...
A batch of sophisticated new financial instruments have given an added boost to the borrowing binge. They are based on a method popularized in the 1970s by organizations like the Government National Mortgage Association. That federal agency buys mortgages from lenders and then sells bonds and other securities that are...