Sentences with phrase «as subprime mortgages»

That crunch affected prime mortgages as much as subprime mortgages.

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.

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.

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.

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

These companies became known as subprime mortgage lenders.

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.

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

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.

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.

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

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?

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.

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.

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.

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.

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.

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.

This is all very constructive (no pun intended), as the market is still trying to recover nearly a decade following the subprime mortgage crisis.

The Justice Department also disseminated a scathing press release on Thursday evening in which it excoriated the conduct of the bank and named two executives that are being charged: Paul K. Menefee, who served as Barclays» head banker on its subprime residential mortgage backed securitizations and John T. Carroll who served as Barclays» head trader for subprime loan acquisitions.

Combined, the percentage of auto, credit card and student loan delinquencies and rate of default is as big or bigger than the subprime mortgage problem that led to the «Big Short.»

In other news relating to Paulson & Co, you of course know that they've been put in the spotlight as of late due to the accusations surrounding Goldman Sachs and the subprime mortgage trade.

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.

Perhaps, in order to draw a clear distinction from the American subprime mortgage product said product should have been described as: subterranean mortgages.

They ended up in prison as richer people due to mortgage subprime scandals then to religion for their repenting feeling to be... however whats» with the non-revealing of illegal activity of it to her as employee & everyone «gotRich».

Even though the Bush administration authorised the TARP program in order to address the subprime mortgage crisis, Republicans resisted the Obama administration's efforts to resolve the financial crisis as it meant more spending, more debt and, most egregiously to the neo-liberal generation of Republicans, more government!

AG Andrew Cuomo this morning rejected his rivals» suggestion that he is in part responsible for the subprime mortgage crisis because he pushed home ownership for low - income residents while serving as HUD secretary for the Clinton administration.

«As the chair of the Senate Committee on Banks, I take seriously these predatory practices that impact working class citizens who have already suffered through the subprime mortgage crisis.

He also claimed Cuomo was acting Castro - like when, as President Bill Clinton's HUD secretary in the late»90s, he backed subsidized mortgages for thousands of unqualified individuals, «helping to drive the subprime mortgage market under, and the result was the Great Recession» of 2008.

A federal jury in Brooklyn found that the Emigrant Savings Bank had discriminated against eight minority homeowners by purposefully marketing to them subprime mortgages with what were described as predatory interest rates of as much as 18 percent a year.

How can he fix an economy he personally crashed as the father of the subprime mortgage crisis?

I'd like to know every meeting Harry wilson attended as a partner at silverpoint to see if he's lying about his involvement with all the subprime mortgage investments — as the Daily News reported today.

The government took Northern Rock into public ownership in February 2008 as a result of its financial problems caused by the subprime mortgage crisis.

By the way, the players that profited from the fall of the USA housing market were not any different from the players who made millions by packaging subprime mortgages as «securities» — they were simply smarter.

Its star and co-producer Margot Robbie strangely excels at direct address to the camera — as in The Big Short, when Robbie took a bubble - bath to better concentrate the minds of viewers while she explained the concept of the subprime mortgages.»

The stellar cast is rounded out by Marisa Tomei as Baum's concerned wife, Tracy Letts as the head of Scion, Max Greenfield and Billy Magnussen who play cocky and clueless subprime mortgage brokers, and Melissa Leo who plays a Standard & Poor's employee.

You and your co-authors make the case that, just as with subprime mortgages, the federal government is encouraging the expansion of charter schools with little oversight, and the result could be a charter school «bubble» that blows up in urban communities.

Because the original lenders no longer had, as Green says, any «skin in the game,» countless subprime mortgages were issued without adequate screening.

Nearly 90 mortgage lenders have formed an alliance to support passage of legislation to «reinvigorate» the Federal Housing Administration so it can provide safe and affordable financing for homebuyers, as well as a lifeline for subprime borrowers who are in trouble.

It is worth noting that FHA home loans are nowhere near as toxic as the popular subprime mortgages of recent years.

The major flaw was that subprime and low - quality mortgages composed of many faulty CDOs that were given the same high grade ratings as corporate debt.

In 2006, it lost 18 % of its value, largely as a result of Burryâ $ ™ s bet against the subprime mortgage market.

I believe they will still do that, largely because of the effect that falling housing prices will have on the credit of the residential mortgage market, and not just Subprime, but Alt - A, and Prime loans as well.

As an alternative to foreclosure, eligible borrowers can refinance with FHA and lenders can voluntarily write down the outstanding subprime mortgage principal balances.

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.