Sentences with phrase «when subprime mortgage»

When the subprime mortgage crisis reached its peak in the fall of 2008, the federal government took steps to help stabilize the American housing market.

Many consumers are good borrowers that do not fit into a perfect box so non-prime mortgage loans become very appealing when subprime mortgage lenders get the flexibility they need from the banks to loosen lending standards.

When the subprime mortgage crisis hit in May, Delvinia prepared for the worst.

Not exact matches

The Oracle of Omaha first got involved with the Charlotte - based banking giant back in 2011, when investors began questioning whether Bank of America could deal with legal fees and liabilities stemming from the subprime mortgage crisis.

From the low - level shysters who peddled dodgy mortgages to the Wall Street investors who packaged them into securities and the investors who bought them, everyone involved in the subprime debacle always seems somewhat put - off when reminded that at root this was a crisis about actual people and their actual homes.

Not long after she took charge in June 2006, Bair began sounding the alarm about the dangers posed by the explosive growth of subprime mortgages, which she feared would not only ravage neighborhoods when homeowners began to default — as they inevitably did — but also wreak havoc on the banking system.

John Paulson rose to legend - status when he earned a reported $ 4 billion betting against subprime mortgages during the financial crisis.

It is eerily reminiscent of 2007 and 2008, when no one really knew where the exposure to subprime - mortgage debt ultimately lay.

Benjamin Tal's (CIBC's Deputy Chief Economist) following statement, in the Financial Post, helps to clarify what a subprime mortgage can mean in Canada: «But remember subprime can be someone like a plumber,» he said, referring to self - employed workers, a segment of the market that Canada Mortgage and Housing Corp. has mostly abandoned when it comes to backing loansmortgage can mean in Canada: «But remember subprime can be someone like a plumber,» he said, referring to self - employed workers, a segment of the market that Canada Mortgage and Housing Corp. has mostly abandoned when it comes to backing loansMortgage and Housing Corp. has mostly abandoned when it comes to backing loans.»

Radio / TV personality and Guardian Angel founder Curtis Sliwa is taking aim at AG Andrew Cuomo, distributing a flyer that questions the would - be governor's role in the subprime mortgage scandal when he was HUD secretary.

He also claimed Cuomo was acting Castro - like when, as President Bill Clinton's HUD secretary in the late»90s, he backed subsidized mortgages for thousands of unqualified individuals, «helping to drive the subprime mortgage market under, and the result was the Great Recession» of 2008.

Its star and co-producer Margot Robbie strangely excels at direct address to the camera — as in The Big Short, when Robbie took a bubble - bath to better concentrate the minds of viewers while she explained the concept of the subprime mortgages.»

While the subprime mortgage crisis remains the epitome of what occurs when greed and corruption go unchecked, a growing number of experts and observers are warning that a new economic scandal is taking shape in the United States.

Many civil rights leaders and teachers called for leniency, and some wondered why black teachers in low - income neighborhoods faced racketeering charges when white Wall Street workers who were implicated in the subprime mortgage crisis did not.

However, you don't have to be a victim of your credit history when you apply for a mortgage because of something called a subprime loan.

But HUD is not telling the whole story when it says that in July of this year that «FHA expands FHASecure to help homeowners with adjustable rate subprime mortgages who can no longer afford their mortgages and missed up to three monthly mortgage payments over the past 12 months.

(Spreads were tight when the worst of the subprime mortgages were originated.)

The only real way to have any degree of certainty about whether the stock market will go up or down is to either have insider trading information (which obviously would be against the law) or if you were an immensely gifted trader that could identify trends that other investors were missing as Dr. Michael J. Burry did in 2007 when he accurately predicted the collapse of the US subprime mortgage industry (and overall housing market).

When the great normalisation finally came (starting with rising risk - free real and nominal long - term rates and rising risk - free nominal short - term rates, and picking up steam with the normalisation of credit risk spreads, starting from the US subprime residential mortgage markets and derivatives based on them), a growing number of these highly leveraged open positions went belly - up.

From lenders to buyers to hedge funds, when it comes to the subprime mortgage crisis, everyone had blood on their hands.

Hopefully, we've learned our lessons about subprime mortgages and snake - oil brokers who promise you can afford a house when you can't.

And when the onslaught of subprime resets in option ARMs (adjustable rate mortgages) runs its course from 2009 to 2012, and Americans default on them, American taxpayers will be left dangling and responsible for it.

And, much the same when I wrote my piece on subprime mortgages in November 2006, too much leverage, the teaser rates are short term borrowing, and the loan underwriting was horrible.

When he describes residential mortgage securitization on page 117, the mezzanine and subordinated tranches are too large, even for subprime.

While many lenders are nervous when it comes to making out a new mortgage for those with bad credit, there are many out there who understand that the average person who has found themselves with a mortgage payment that they can not pay is simply a victim of a risqué lending practice that has fortunately come to an end with stricter legislation on subprime lending being passed.

Although FHA was caught unawares by a tremendous increase in its market share when subprime lending went south, it has made important strides in monitoring mortgage lenders and enforcing FHA guidelines for underwriting mortgage loans.

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Of particular importance to note is the frequency of consolidation during the 2008 Financial Crisis, when the Big Four were able to gobble up weaker competitors that were overexposed to subprime mortgages.

It was when Bear Stearns announced two of its funds holding subprime mortgages lost most of their value.

Some unrestrained lenders, for example, offered infamous 2/28 adjustable - rate mortgages to entice subprime borrowers to initiate loans at low rates, only to find that they could not afford the payments when the mortgage quickly reset at a much higher rate.

After all, Merrill, as did Lehman, bought a subprime mortgage originator (First Franklin Financial, for $ 1.3 billion) when the market was already showing signs of distress.

A «banking panic» occurs when «informationally - insensitive» debt becomes «informationally - sensitive» due to a shock, in this case the shock to subprime mortgage values due to house prices falling.

I don't know the specific cities, but it really demonstrates how interconnected the world's economies are when an American family's payment on their subprime mortgage in, say, Chicago, can end up backing a derivative investment in the investment portfolio of, say, Hammerfest, Norway.

Private and subprime mortgage lenders mostly use collateral like equity earned when considering a «refinance» or a more significant down - payment when talking about a «purchase money» transaction.

There are times when that spread becomes very wide or very thin — a reflection of world events, such as the subprime mortgage crisis of 2008/2009 and the recent catastrophic situation that has befallen Japan.

There are times when that spread becomes very wide or very thin, such as the subprime mortgage crisis of 2008/2009.

This was related to the financial crisis of 2008 because hedge funds and others allegedly helped produce bad subprime mortgages on purpose so that they could buy insurance on them, and then profit when the home buyers failed to make payments.

When risk is miscalculated it can lead to serious financial turmoil on the largest of scales, such as the subprime mortgage crisis of 2007 - 9.

Credit markets experienced a scare in the third quarter of last year when concerns about subprime mortgage defaults and writeoffs associated with securities backed by such loans roiled investors.

It didn't when our friends to the south did with their subprime mortgage failure.

A settlement in one case was announced in July, when Wells Fargo agreed to pay $ 175 million to settle claims that the bank steered roughly 34,000 minority customers into subprime mortgages, even though they could have qualified for mortgage with lower fees and less risk.

The Fed has accused the bank of steering borrowers into subprime loans with higher interest rates, even when borrowers qualified for lower interest rate mortgages.