Sentences with phrase «at subprime lending»

The trend points at subprime lending as the culprit.

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.

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.

At the same time, Eisner's subprime lending business was expanding, according to a 1997 interview in the New York Times.

Albany, NY — Independent Democratic Conference Leader State Senator Jeff Klein (D - Bronx / Westchester) and State Senator Diane Savino (D - Staten Island / Brooklyn) announced Tuesday that the State Senate passed two critical pieces of legislation they sponsor aimed at predatory subprime auto lending in New York.

- Teddy Wayne, author of The Love Song of Jonny Valentine and Kapitoil «Laura Hemphill deftly pulls off a hat trick, offering readers an insider's clear - eyed take on the subprime lending crisis, a chilling look at the lives of women in banking, and a briskly entertaining coming of age story.»

«Laura Hemphill deftly pulls off a hat trick, offering readers an insider's clear - eyed take on the subprime lending crisis, a chilling look at the lives of women in banking, and a briskly entertaining coming of age story.

Subprime lending is light at present outside of autos.

Those were the warnings — from the recent financial crisis we had Bear Stearns, the failures in short - term lending (SIVs, auction rate preferreds, ABCP, etc.), Bank of America, Citigroup, credit problems at subprime lenders, etc..

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.

11) At the end, AIG had subprime risk in their life insurers (through securities lending), mortgage insurers, at American General Finance, and at AIGFAt the end, AIG had subprime risk in their life insurers (through securities lending), mortgage insurers, at American General Finance, and at AIGFat American General Finance, and at AIGFat AIGFP.

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.

Proponents of subprime lending realized the demand for homeownership and refinancing despite imperfect credit and jumped on this untapped customer base, offering similar, if not more aggressive mortgage loan programs at a premium.

«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.

Perhaps we should look at a bull on subprime lending?

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.