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Concept information

... > contexts > demography > residence characteristics > housing > mortgage finance > negative amortization
... > contexts > population characteristics > demography > residence characteristics > housing > mortgage finance > negative amortization
... > contexts > population characteristics > health > public health > epidemiologic measurements > demography > residence characteristics > housing > mortgage finance > negative amortization

Preferred term

negative amortization  

Definition

  • With the development of alternative mortgage instruments (AMIs), it is possible (in some cases, required) to have negative amortization, or the increasing of the outstanding balance of the mortgage after making debt service payments. For example, whenever the debt service payment is less than the interest owed for the period, the failure to cover the interest obligation results not only in a zero principal payment but also, in fact, adds to the outstanding balance of the mortgage. [Source: The Encyclopedia of Housing; Negative Amortization]

Broader concept

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URI

http://data.loterre.fr/ark:/67375/N9J-J1FLG5W4-0

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