Sentences with phrase «as subprime»

The center's location in Inland Empire didn't help, as the subprime crisis in the area led to a huge drop in housing values and subsequently, a significant drop in consumer spending.

As the subprime issue has washed over the market, properties that were in the Equity Office Properties Trust (EOP) portfolio acquired in February by The Blackstone Group have been sold and resold.

After starting the year on a high note, things quickly tanked as the subprime mortgage crisis hit and the credit crunch took hold.

That crunch affected prime mortgages as much as subprime mortgages.

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.

The plaintiff claimed that the defendant had mismanaged a $ 500 million investment portfolio of an entity by investing in high - risk securities such as subprime mortgage - backed securities, without diversifying the portfolio or advising the the entity of the true level of risk.

As Mr. Paulson and others at his office discussed how much was being spent by the United States and other nations to rescue areas of the economy crippled by the financial collapse, he discovered his next targets, certain they were as doomed to collapse as subprime mortgages once had been: the U.S. dollar and other major currencies.

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

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.

Many of these lenders began to focus almost exclusively on this type of lending practice, thus they became known as subprime lenders.

When identified as a subprime borrower, your interest rate will likely be higher and you will not have access to as many loan options.

Jumbo lending, Alt - A lending and traditional mortgage lending had the same problems as subprime, just in a smaller way — but there was so much more of them.

These companies became known as subprime mortgage lenders.

Private - label mortgage backed securitization fueled origination of so - called «Alt - A» mortgages where credit scores may have been high but other factors precluded them to meet GSE guidelines, as well as subprime mortgages, which frequently had flimsy documentation requirements.

Once that ends, this loan category may explode in growth, just as subprime did leading up to the housing crisis.

According to the New York Post, AQR had to shelve it as the subprime crisis began roiling the markets.

In 2006, approximately 40 percent of interest - only and adjustable loan mortgages were classified as subprime mortgages.

Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered.

A score of 620 and below is generally defined as subprime.

Since other options such as subprime and ALT - A lending have since disappeared, many lenders have had no choice but to switch gears and offer FHA home loans.

Much of the increase in total auto loan balances came from an increase in prime auto loans, even as subprime auto loans declined.

So with poetic justice, it was in the same position as the subprime borrowers whose junk mortgages it had underwritten and sold to investors gullible enough to believe Moody's and Standard and Poor's AAA ratings.

Declines in homeownership among lower - income, nonwhite and young adults were especially dramatic following the housing crisis, as subprime lending, which many homeowners had previously relied on, all but dried up.

The problem has gotten worse as the subprime lending market continues to expand.

Through his former firm Scion, founded in 2000, Burry bought securities that would increase in value as subprime mortgage loans plummetted.

Not exact matches

Abramowicz foresees another sort of ripple effect in the event of a market correction: As homeowners with those short - term private subprime mortgages struggle to figure out how to refinance in a much more constrained market, they may opt to default and cut back on consumer spending.

To take that comparison a step further, is there really any difference between the way VW packaged and marketed its pollution - spewing cars to regulators and customers as «clean,» and the way financial dark wizards took lowly subprime mortgages and prettied them up for sale as Triple - A high quality securities to gullible investors?

As I mentioned last quarter, we are seeing some deterioration in the credit quality of applicants, but the majority of the increase is the result of our subprime partners providing more attractive offers to our customers.»

However, as The Great Recession taught us (or should have taught us), there is also a place for nonprime / subprime mortgages at the center of an economic disaster.

The office, the people said, initially planned to sue JPMorgan as soon as Tuesday over accusations that the bank flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007.

But as the number of credit card accounts in the U.S. rises, the majority of new customers are subprime borrowers, generally meaning those with a credit score of 660 or below.

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.

Bank of America bought Countrywide in 2008 as it verged on bankruptcy amid the subprime lending collapse.

As I mentioned earlier, we are very proud of what we're able to do for the subprime customer.

In response to a pessimistic Merrill Lynch report on Canada's housing market, for example, Harper said «We don't have the same situation here with the mortgages as was the case in the U.S. with the subprime mortgages there.

Now, as Wall Street executives come under pressure from shareholders for their mounting subprime - related losses, Mr. Steel's mix of a Goldman pedigree and years in the thick of the government's effort to grapple with the housing crisis has made him a short - list regular on investment bank board committees looking for new leadership.

Big Banks Find a Back Door to Finance Subprime Loans: Lending to nonbank financial firms surges to record as banks avoid direct exposure

The company is even open to borrowers with subprime credit, as you need a minimum FICO credit score of only 550 to be considered for a term loan.

I mean, it depends on what you define subprime as, but apparently, there's a lot of opportunities in that underserved market.

The case advances as foreclosures remain near record highs as a result of the 2008 financial crisis, which was set off by a collapse in subprime real estate financing.

About the U.S. Credit Conditions section The U.S. Credit Conditions section of the New York Fed's website offers interactive maps, as well as data on major forms of household credit such as installment loans, auto and student loan delinquencies, foreclosures, mortgage delinquencies and mortgage «roll» rates for subprime and alt - A mortgages.

Investors have been concerned about lingering liabilities from the Option One subprime mortgage business that Block shut down in 2007, as well as regulatory efforts to stop refund anticipation loans (RALs) and the growing trend of taxpayers preparing their returns online.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

The subprime category also includes borrowers with «reduced repayment capacity» as indicated by their credit scores or debt - to - income ratios.

The real estate market, which has been slowly rebounding since the housing crash and subprime meltdown a few years ago, is getting too high as prices in some cities are up 25 percent since 2012 when the market bottomed out.

Just as banks have had to write down large losses from the subprime crisis and other related problems, next will come a wave of potential losses from yet another source.

As with residential mortgages generally, subprime mortgages were even more set up for failure.

Speaking of which, we have seen time and time again we can not trust banks: The 1997 Asian Financial Crisis, the 2001 Dotcom Bubble and most recently, as mentioned above, the 2008 Subprime Mortgage Crisis which directly led to the 2010 European Sovereign Debt Crisis.

The average credit card interest rate is near 16 % as of this writing, with cards catering to subprime credit averaging over 23 % APR..

Goldman Sachs has earned a reputation for taking risks in trading complicated products as a main player in the subprime mortgage derivatives that created an international financial meltdown a decade ago.