haʊˈɛvɚ, baɪ ðə lˈeɪt tˈuː θˈaʊzənd z ðə ɡɹˈeɪt ɹᵻsˈɛʃən bɹˈɔːt ɐn ˈɛnd tə mˈɛnɪəv ðə kɹiːˈeɪɾɪv “pˈɪkɐpˈeɪmənt” tˈaɪp ʌv lˈoʊnz wˌɪtʃ lˈɛft mˈɛni bˈɑːɹoʊɚz wɪð hˈaɪɚ lˈoʊn bˈælənsᵻz ˌoʊvɚ tˈaɪm, ænd ˈoʊɪŋ mˈoːɹ ðɐn ðɛɹ hˈaʊzᵻz wɜː wˈɜːθ.
However, by the late 2000s the Great Recession brought an end to many of the creative “pick-a-payment” type of loans which left many borrowers with higher loan balances over time, and owing more than their houses were worth.