To handle the expected boom in the home-loan business over the next year, Mr. Roy says he plans to double his mortgage staff to around 2, 000.
The double recession and mortgage crisis has had a big effect on life in Madrid.
Ronald Reagan faced a worse economy than Obama did, because there was double-digit unemployment, double-digit inflation, double-digit mortgage rates and chronic shortages that disrupted businesses and consumers alike.
Among 65- to 74-year-olds, about 40% have mortgage debt, almost double the figure in 1989.
On the other hand, when a property is bought below market and immediately sold at profit with the help of a corrupt appraiser who "verifies" that the value of the property is actually double the initial purchase amount, mortgage fraud is indicated.
FORBES: These tips will help you avoid becoming the victim of fraud.
In 2009 Wells Fargo acquired Wachovia and this caused the average outstanding balance on home mortgage loans to more than double.
Consequently, the number of sharia-compliant financial packages has grown in response to Muslims' beliefs about interest, with some mortgage products even disposing of double stamp duty.
Home prices there have been plunging for years, and the mortgage delinquency rate is currently in double digits.
The rationale is that borrowers will consolidate their credit card debt, where double- digit rates are the norm, into the new mortgage.
Many have been mesmerized by some of the high-yielding REITs that invest in mortgage-backed securities where the yields have been double or triple that of the 30-year Treasury bond.
Enter the age of the double and triple checked, redundantly verified, every nook and cranny financial detail examined era of mortgage loan approval.
One reason for New York's low interest level: European and Asian governments have been eager to change regulations to adapt to and attract Islamic finance--for example, Britain struck down a law that double-taxed homebuyers who used a murabaha, a two-part Islamic financing structure, rather than a mortgage.
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