Notes are up to 10 years.

Thought my niece had a mortgage on him.

I'll need everything I've given you all your bonds and securities.

Pop. Just a minute. Have you put any real pressure on these people of yours to pay those mortgages?

A very large share of these are US treasury bonds and mortgages.

And Alan Greenspan egged them to pile on the risk by encouraging these variable rate mortgages.

Notes and bonds these are loans to the U.S. treasury that have longer maturities.

Before securitization, banks typically held mortgages now they could get them off their books. But securitized credit taken off one bank s balance sheet usually ended up on another bank s books.

Before securitization, banks typically held mortgages now they could get them off their books.

With the government assuming credit risk, mortgages become as safe as government bonds of comparable maturity. Hence, the Fed s intervention in the housing market is really an intervention in the government bond market the purported switch from buying mortgages to buying government bonds is of little significance.

With the government assuming credit risk, mortgages become as safe as government bonds of comparable maturity.

Fortunately, most Americans did not follow Greenspan s advice to switch to variable rate mortgages.

The housing price bubble eventually broke, and, with prices declining, some have discovered that their mortgages are larger than the value of their house.

The economy grew, but mainly because American families were persuaded to take on more debt, refinancing their mortgages and spending some of the proceeds.

The housing price bubble eventually broke, and, with prices declining, some have discovered that their mortgages are larger than the value of their house.

Making the necessary modifications is a delicate task rendered more difficult by the fact that many mortgages have been sliced up and repackaged in the form of collateralized debt obligations.

But did Greenspan really expect interest rates to remain permanently at 1 a negative real interest rate? Did he not think about what would happen to poor Americans with variable rate mortgages if interest rates rose, as they almost surely would?

Did he not think about what would happen to poor Americans with variable rate mortgages if interest rates rose, as they almost surely would?

But even as short term interest rates began to rise, the day of reckoning was postponed, as new borrowers could obtain fixed rate mortgages at interest rates that were not increasing. Remarkably, as short term interest rates rose, medium and long term interest rates did not, something that was referred to as a conundrum.

But even as short term interest rates began to rise, the day of reckoning was postponed, as new borrowers could obtain fixed rate mortgages at interest rates that were not increasing.

The system protects not only the unemployed, who can continue to pay their mortgages and interest, but also indirectly the banks, because their loans to households are repaid even in times of recession.

On February 23, 2004, he pointed out that many homeowners might have saved tens of thousands of dollars had they held adjustable rate mortgages rather than fixed rate mortgages during the past decade.

Fixed mortgages, with interest rates at 6 , were replaced with variable rate mortgages, whose interest payments were tied to the lower short term T bill rates.

These vary from country to country, but frequently involve inspection of the load at each national border and the imposition of national security requirements, such as guarantees, bonds or deposit of duty.

CHICAGO Before the recent financial crisis, politicians on both sides of the aisle in the United States egged on Fannie Mae and Freddie Mac, the giant government backed mortgage agencies, to support low income lending in their constituencies.