Sentences with phrase «about subprime lenders»
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Asked to make a case for the work of short sellers like himself, Muddy Waters» Block said in an e-mail to Canadian Business: «We think the real estate crisis [in the U.S.] could have been less severe had short - sellers felt comfortable enough to speak publicly about the problems they found with subprime lenders.
«The bad news is there are people, not just subprime or near - prime but prime, prime - plus and super prime (affected) that lenders may not think about,» said Nidhi Verma, senior director of research and consulting for TransUnion.
If you must use a buy - here - pay - here dealer / lender, or an online subprime auto lender, understand that they can get very paranoid about you missing even one payment.
With 60 - day delinquency rates now at 5.8 percent, lenders are getting nervous about making auto loans to subprime consumers.
Subprime mortgages are offered to borrowers who have lower credit ratings and FICO credit scores below about 640, though the exact cutoff depends on the lender.
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.
No, subprime lenders who have such high risk tolerance do it because they can charge desperate borrowers just about any amount of fees they like in exchange for those two little words, «You're approved.»
The Bush Administration's deal with lenders to get them to freeze interest rates on some adjustable - rate subprime loans isn't really about rescuing lots of homeowners.
About Blog The Mortgage Lender Implode - O - Meter - tracking the housing finance breakdown, related to Alt - A and subprime mortgages, lending fraud, predatory lending, housing bubble, mortgage banking, foreclosures, debt, consolidation, lawyers, class - action lawsuits.
Did you see this article about the subprime portfolio lender Berkshire Hathaway owns?
Driven by Wall Street's demand for subprime loans to securitize and sell to investors, lenders sold high - risk products such as exploding adjustable - rate mortgages — loans with interest rates that could triple after two years — and liar loans, also known as stated income loans, which required little or no documentation about income, assets, or credit history.