100 % FALSE STATEMENT ABOUT SUBPRIME I received a copy of an internally circulated newsletter from a huge real estate firm with the following 100 % incorrect statement
about subprime lending: «Subprime loans — the type that fueled the Financial Crisis — are making a comeback in a big way.
Not exact matches
Having briefly learned a very hard lesson
about the perils of over-zealous
lending, big banks are once again spinning out
subprime mortgages at a furious pace.
Well just as expected, our stock portfolio (along with the investment portfolios of countless investors out there) is suffering through the rough patch brought
about by the credit and
subprime lending crisis.
According to the Times,
subprime lending in 1997 represented
about 25 percent of the company's business, while two years earlier, it was 10 percent.
A credit score below
about 650 means you qualify only for «
subprime»
lending — and that means higher interest rates.
Well just as expected, our stock portfolio (along with the investment portfolios of countless investors out there) is suffering through the rough patch brought
about by the credit and
subprime lending crisis.
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.
I wrote for several years as RM
about overleveraging credit, mis - hedging, yield - seeking, over-investment in residential real estate (May 2005),
subprime lending (November 2006), quantitative strategies gone awry, etc..
Goldman launched its consumer
lending unit in 2016 and has recently faced scrutiny
about its exposure to
subprime borrowers.
And I would like to ask Dr. Jones - DeWeever if you could tell us a bit
about your research concerning
subprime lending and racial and gender disparities in the distribution of
subprime loans?
Using an example from the recent financial crisis, you might recall how many economists, Fed governors, etc. commented on how
subprime lending was a trivial part of the market, was well - contained, and did not need to be worried
about.
There have been reports recently
about how the
subprime auto
lending market is the very similar to the
subprime mortgage crisis and could very well be the next bubble.
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.
And the
subprime lending crisis is almost past; the balance of this year will be
about cleaning up that mess.
According to a recent Federal Reserve survey, it was found that
about 75 % of the banks surveyed indicated they had tightened their
lending standards for prime,
subprime and commercial mortgages.
Don't let the headlines
about foreclosure rates,
subprime lending woes, and inventory gluts cloud your thinking
about your profession: Instead, consider these silver linings from sales associate Michael J. Maher.
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.
Since
subprime mortgage
lending had a large role in instigating the Great Recession, mortgage
lending has therefore come under greater scrutiny in the U.S. where information
about the prevalence and scope of mortgage fraud is now more readily available.