Sentences with phrase «as subprime lending»

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.

Not exact matches

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

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.

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.

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.

Our track record as a direct subprime lender shows our proven success; with over a decade of successful hard money lending to hundreds of satisfied clients, we're prepared to help you pursue your real estate ventures.

I pushed back, exclaiming that I have never seen such horrible loan products as the predatory student loans that were issued like candy during the heyday of subprime lending.

Wells Fargo spokeswoman Vickee Adams said the problematic FHA loans turned up as the bank reviewed operations at two mortgage channels it has closed down: a subprime lending arm, Wells Fargo Financial, and a wholesale arm that made loans through independent brokers.

We have built a strong reputation as an outstanding subprime mortgage banker serving the lending needs of real estate professionals throughout Minnesota in addition to California, Oregon and Arizona.

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.

On the other hand, if the availability and attractiveness of mortgages declines, as did during the fallout from the subprime lending crisis, renting an apartment becomes more appealing, so occupancy rates and rental revenue per apartment increase.

We have built a strong reputation as an excellent subprime mortgage investor serving the hard money lending needs of real estate professionals throughout Minnesota.

I keep reading allegedly - helpful articles and blogs which compare FHA loans to subprime lending, as if the two were the same.

Subprime real estate lending is generally defined as mortgages for individuals with weak credit.

Borrowers with scores below 620 are sometimes characterized as «subprime,» and because lenders view them as risky, they frequently charge them higher rates — if they'll lend to them at all.

But blaming low - income families and casting them as unfit to own a home ignores decades of successful mortgage lending before the subprime boom — before reckless underwriting and aggressive marketing of unsustainable loans became common financial industry practice.

Paul Siegfired, senior vice president for TransUnion, commented that this uptick can also be explained by more subprime borrowers entering the card market — an event that occurs as banks relax their lending standards.

The trend points at subprime lending as the culprit.

Today, most lending companies refer to the subprime mortgage as the, «Non-Qualified mortgage» in an effort to separate their loan products from the bad - label of «subprime» after so many sub-prime mortgage companies went out of business between 2006 and 2009

As a result, there are banks that don't lend to people with subprime credit, while some banks have even higher thresholds.

With the falling U.S. home prices, tightening credit markets, and the general economic uncertainty caused by the subprime lending fiasco, credit card issuers like American Express are facing declining consumer spending as well as the increased likelihood that some customers will be unable to repay their balances.

«Subprime mortgage lending» is best defined as offering financing to an individual with poor credit, low income, limited documentation, or a combination of all those things, who generally wouldn't qualify for a mortgage at standard market interest rates or at all.

While the definition of subprime varies from lender to lender, most in the industry characterize it as lending to borrowers with credit scores below 620.

This is especially true if you are a subprime borrower, as credit unions tend to have more lenient lending standards than banks.

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..

As one of Ontario's largest personal insolvency firms, we see first - hand the devastating financial impact the excessive use of high - cost, subprime lending products has on every day Canadians.

But during the heyday of subprime lending, there were just as many supporters as critics.

In 2004, as regulators warned that subprime lenders were saddling borrowers with mortgages they could not afford, the U.S. Department of Housing and Urban Development helped fuel more of that risky lending.

Housing experts and some congressional leaders now view those decisions as mistakes that contributed to an escalation of subprime lending that is roiling the U.S. economy.

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.

To my surprise, they sent them, 60 pounds worth, and I wrote a report explaining how almost all of the domestic life subsidiaries had to be bailed out because of a funky securities lending agreement that allowed AAA subprime RMBS to used as collateral in place of T - bills.

Subprime lending, as it's known, is a major profit center for these companies.

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

As this large «pool of money» was invested internationally, it drove down the costs of borrowing, drove up subprime lending, and created large demand for mortgage - backed securities.

As head of the consumer financial services enforcement and litigation practice at Skadden, Arps, Slate, Meagher & Flom, he's devoted much of the past year to defending banking and lending clients against litigation stemming from the subprime mortgage crisis.

Condo Loans Reacting to losses sustained during the wave of foreclosures resulting from the subprime mortgage market meltdown, FHA — along with Fannie Mae and Freddie Mac (also known as government - sponsored entities, or GSEs)-- tightened lending standards for condo loans across the board.

As in the savings and loan crisis and the dot - com bust, the frenzied lending environment of the past few years has led us to today's subprime mess.

Canadians are more conservative in their lending practices, not resulting in the same subprime disaster as witnessed in the U.S.,» says Robert Tatomir, broker of record and owner of Future Homes & Real Estate Ltd. in Leamington, Ont.

Then the course provides an in - depth examination of lending standards for nontraditional mortgage loans that include Adjustable rate mortgages, subprime and high - cost loans, and reverse mortgages as well.