Sentences with phrase «most subprime mortgage lenders»
Most subprime mortgage lenders have access to Freddie Mac's higher risk credit products, but not all companies choose to offer the non-prime financing.
https://www.firsttimehomefinancing.com/ Not exact matches
An alternative (read subprime) mortgage lender based in Toronto, Home Capital targets the self - employed, new immigrants and borrowers with minor blemishes on their credit histories who find themselves unwelcome at most banks.
He was also forced to clean up other messes, including bad bets on U.S. subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.
Most lenders stopped offering discounts during the subprime mortgage credit crisis.
Not all subprime mortgage lenders are approved to originate FHA loans, but most are.
The granting of undocumented mortgages to subprime borrowers was a major contributor to the Great Recession, so it's understandable that lenders reacted violently by cutting off credit to all but the most creditworthy customers.