The borrower issues a mortgage , and is known as a mortgage , while the lender is known as the mortgage .
Banks are indeed mirrors of the economy, so Banks' balance-sheets reflect the fact that the typical Westerner is a borrower and the typical Asian a saver.
When he is mugged by a former book - borrower, who recognises him, he toys with the idea that his assailant will repent of his villainous intent, in witness to the redeeming power of literature.
Hence the risk of falling asset values stays with the borrower.
By extension, just as every debt is a liability for the borrower, it is an asset for the creditor.
The suit describes numerous instances of what looks like brazen borrower fraud, including the listing on loan applications of fictitious employers.
Then the bank will look for the borrower targeted and arrange specific activities.
And psychologically, a borrower that already has invested that much money in a property is less likely to walk away from an investment that is underwater.
But, like a borrower whose insolvency would bring down a bank, he may calculate that much of his former backers' anger is bluster, covering a fear of their own impotence.
The two-year fixed mortgage rate for a borrower with a 25% deposit fell from 6.35% to 6.08%.
Debt is debt, and for every borrower there is a lender.
Because the bank knows its borrower better than anyone else, it has the best idea of what the loan is really worth.
The actual cash shortfall is usually not that important: the borrower can simply raise the additional money at a later date.
A "Subprime borrower" is somebody who has a poor credit history or some other indication that would suggest that they might not be able to repay the mortgage — they might default.
These swaps are used to speculate on the likelihood of a borrower repaying its debt.
And they are very hard to wriggle out of, even if the borrower goes bankrupt.
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