Sentences with phrase «because subprime lending»

Because subprime lending was not evenly spread around the country (or even around a state or city), individual neighborhoods are bearing the brunt of the meltdown.

Not exact matches

Because subprime borrowers present a higher risk for lenders, subprime lenders charge interest rates above the prime lending rate.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Borrowers with scores below 620 are sometimes characterized as «subprime,» and because lenders view them as risky, they frequently charge them higher rates — if they'll lend to them at all.

Moreover, when it comes to bad credit applicants and subprime lending, you need to be extra careful because lenders tend to include additional fees and costs to maximize the gains to compensate for the higher risk that lending to those with bad credit implies.

To make matters worse, the alternative available to you — the subprime lending in the auto market — might not seem too appealing because of what the public thinks and says about it.

Because the risk is higher for lending companies to take a chance on subprime borrowers, they are charged higher interest rates for the privilege of getting a loan.

Also, they didn't do any subprime lending, because they can't: the definition of a subprime loan is precisely a loan that doesn't meet the requirement, imposed by law, that Fannie and Freddie buy only mortgages issued to borrowers who made substantial down payments and carefully documented their income.

To my surprise, they sent them, 60 pounds worth, and I wrote a report explaining how almost all of the domestic life subsidiaries had to be bailed out because of a funky securities lending agreement that allowed AAA subprime RMBS to used as collateral in place of T - bills.

Subprime lending is riskier, because borrowers are more likely to default.

REALTORS ® are all about helping people move, but the current subprime lending crisis has brought into clear focus the added value we can bring by helping home owners and future home buyers avoid having to move because they can't pay their mortgage.

The reason the number of affordable / subprime mortgages skyrocketed during the boom was because lower lending standards mean more people can get mortgages and that means mortgage companies can sell more mortgages.