Sentences with phrase «bad loan underwriting»

It might have postponed the crisis, and maaaaybe allowed banks and GSEs to slowly eat up all of the bad loan underwriting.

Not exact matches

Ideas include creating a deal agent to look after investors» interests and ensure quick compensation for any badly underwritten or fraudulent loans.

Our unique underwriting algorithms allow us to allows us to provide bad credit business loans to many industries that can not receive traditional business loans.

You will be rewarded with scores of lenders willing to underwrite a $ 10,000 bad credit personal loan.

The bubble was a combination of (a) teaser rates on option ARMs which were like financial time bombs, (b) liar loans in which the rules of good mortgage underwriting (20 % down, 28/36 ratios) went out the window, (C) people at rating agencies who decided that if one pools enough junk loans into one bond, it's magically AAA, and (D) Credit default swaps which encouraged these bad loans, and when they collapsed a number of people walked away with billions of dollars.

There is strong evidence that the riskiest, worst performing mortgages were funded through the «shadow banking system» and that competition from the shadow banking system may have pressured more traditional institutions to lower their own underwriting standards and originate riskier loans.

Going hand - in - hand with bad underwriting was faulty appraising, often by unscrupulous home appraisers who had the same incentive as lenders and originators to make sure the loans closed.

Due to the millions of mortgage loans that went bad during the housing crash, big banks have become much more conservative in underwriting, which opens the door for nonbank lenders in the mortgage market.

The VA underwriting Dept. continues to approve bad credit home purchase loans for qualified veterans.

As it stands now, the jumbo loan market is looking at more trouble — there was a lot of bad underwriting there during the boom.

The difference is that in this case, I am not going to tell the story about a particular loan that went bad, but instead I am going to list a series of underwriting guidelines.

There's never a good time to find a credit report mistake, but finding one while you mortgage loan's in underwriting is definitely a bad time to find one.

Because we are a regional lender and knowledgeable about the areas we lend in, borrowers can trust our loan officers and underwriting team to assist them in identifying good deals and avoiding bad ones.

However, with so many bad loans, mortgage insurers are pointing the finger back at the bank in many cases saying that the loans were not underwritten properly.