Will mortgage defaults skyrocket, or has the market hit a very soft bottom?
This created uncertainty across the system, as investors wondered which companies would be required to pay to cover mortgage defaults.
More immediately, he fears a possible wave of mortgage defaults.
After all, mortgage defaults typically occur from three to five years after the loans are written.
That was because it takes two things to produce a mortgage default: First, the borrower must be unable to meet the payments.
It may be important to inside the beltway reporters, not to someone who is looking for job, facing economic insecurity, or mortgage default.
A severe loss of jobs, for instance, leads to mortgage defaults, which in turn hurt banks.
The weak property market in the economically depressed Southwest has raised the risk of mortgage defaults.
For some insurers, mortgage defaults have already produced splitting headaches.
It was the largest commercial mortgage default in U.S. history.