Holdings include U.S. Treasuries, Federal National Mortgage Association debt, and Federal Home Loan Mortgage debt.
Among the 22, 000 cases, there were a significant number of family, debt and mortgage rights cases.
Its stock has lost three-quarters of its value since 2009 as trading in distressed debt and mortgage-backed securities have dwindled.
Most of the debt that is being eliminated is mortgage debt and most of it is eliminated by default and foreclosure.
Since 2009, when Brazilians starting buying homes on debt, mortgage lending has risen five fold, by 550% between then and 2012.
FORBES: Brazil's High Flying Real Estate Prices Outpace All Countries
The Federal Reserve also continues to reinvest the principal amounts of maturing issues of agency debt and mortgage-backed securities into new agency mortgage-backed securities.
Personal debt (mortgage and other) hovers at 100% of annual GDP.
But apparently, the program is still needed, and mostly for the big banks who will be guaranteed a premium price paid for selling Treasury debt and mortgage backed securities to the Federal Reserve.
Among those measures, it said it would purchase agency debt and mortgage-backed securities to provide support to the mortgage and housing markets, and that early next year it would take measures to facilitate the extension of credit to households and small businesses.
To qualify, a borrower must be "prime, " with a minimum FICO score of 660, a debt-to-income ratio (excluding mortgage debt) of less than 25% and no current delinquencies, recent bankruptcies or tax liens.
Many analysts, including the rating agencies that gave the mortgage debt high ratings, also badly miscalculated the impact of the mortgage crisis.
Because the exceptions to cancellation of debt income are narrow, Congress enacted the Mortgage Forgiveness Debt Relief Act in 2007.
In the upset that did in fact occur by midsummer, U.S. mortgage debt was only the start.
Its households are loaded down with mortgage debt, a legacy of its long housing boom.
ECONOMIST: Rigidities in the labour market make recovery even harder
Mortgage debt is good debt, so long as the interest payments are tax deductible.
Among 65- to 74-year-olds, about 40% have mortgage debt, almost double the figure in 1989.
This means that, unlike in for example Spain, Germany has not experienced a mortgage debt-fuelled property bubble.
The number of hedge funds focusing on mortgage debt ballooned along with the underlying market in 2005-06.
Could this boom also end in tears, leaving households with homes worth less than their mortgage debt?
The trouble is that these firms have recently insured a lot of risky debt products like mortgage-backed securities.
This meant that their housing equity the difference between the value of the house and the mortgage debt increased rapidly.
Bottom-fishers such as GE Capital have entered the market for high-risk mortgage debt.
Legal changes, such as a revision to the bankruptcy code that allowed judges to reduce mortgage debt, could help.
Mortgage debt, student loan debt, credit card debt, auto loans, et cetera.
Not only have home prices and mortgage debt surged relative to incomes, but most mortgages are at variable interest rates.
But Bank of America reported a decline in quarterly profits after it took another financial hit on bad mortgage debt.
One example: Congress passed a law allowing beleaguered homeowners to exclude from taxable income home-mortgage debt that is forgiven by lenders.
That way, companies like Citigroup will be less likely to become immersed in bad mortgage debt the way they are now.
It stuffs the monthly account statements with encouragement to take out car loans as well as home-equity loans and other mortgage debt.
Adjust risk RROR to include the additional financial risk of mortgage debt.
应用推荐