were defaulting
- past progressive of default.
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
In New Mexico, concerns first were raised in 2021 when it became clear that developers working on the solar and battery projects meant to replace the San Juan plant were defaulting.
From Seattle Times ● Feb. 17, 2022
"We had people who were defaulting on their mortgages, but kept paying on their time-share" because "they could still look forward to a vacation."
From Los Angeles Times ● Jul. 27, 2014
“If they knew the loans were defaulting, the money should have been passed on to investors,” said Jerry Silk, a lawyer with Bernstein Litowitz who is representing numerous mortgage investors in suits against banks.
From New York Times ● Feb. 10, 2011
Mobile home buyers were defaulting on their loans, their mobile homes were being repossessed, and the people who had lent them money were receiving fractions of the original loans.
From "The Big Short" by Michael Lewis
Now, in February 2007, subprime loans were defaulting in record numbers, financial institutions were less steady every day, and no one but him seemed to recall what he’d said and done.
From "The Big Short" by Michael Lewis
