Sentences with phrase «allowing subprime borrowers»

Bank risk professionals now believe that lenders will keep allowing subprime borrowers to take on credit card debt and have more access to auto loans over the next six months, according to a survey by the Professional Risk Managers» International Association for the credit scoring company FICO.

Bank risk professionals now believe that lenders will keep allowing subprime borrowers to take on credit card debt and have more access to auto loans over the next six months, -LSB-...]

As noted, both the FHA and VA allow subprime borrowers to apply because they accept credit scores well below 620.

Not exact matches

Prosper does not allow subprime lending and the average borrower has a 706 credit score.

While Alt - A borrowers typically have credit scores of at least 700 — well above the cutoff for subprime loans — these loans tend to allow relatively low down payments, higher loan - to - value ratios and more flexibility when it comes to the borrower's debt - to - income ratio.

This is particularly true because improving credit conditions have allowed lenders to expand issuing to subprime borrowers.

2) Wall Street spends millions of dollars doing credit checks and filling out ISDA agreements before entering swap transactions with customers... and yet, no one blinked at the idea of selling a subprime borrower a receiver swap — allowing them to pay floating instead of fixed rates on their mortgage.

The FHA subprime market results in higher losses to FHA, and allows the most vulnerable borrowers to be overcharged.