Sentences with phrase «by subprime»

Thanks to aggressive tactics by subprime lenders who prey disproportionately on minority households unfamiliar with the financing system, one in five households with a subprime mortgage loan now face losing their home.

Columbia, S.C. - based Edens & Avant, for example, says it has lost a handful of tenants in midnight moves earlier this year in Florida, a state hit particularly hard by the subprime mortgage collapse.

The higher incidence of subprime loans to African Americans «may be caused by a lack of marketing by prime lenders and over-marketing by subprime lenders to underserved populations,» says John Taylor, NCRC's president and CEO.

The study found that, thanks to aggressive tactics by subprime lenders who prey disproportionately on minority households unfamiliar with the financing system, one in five households with a subprime mortgage loan now face losing their home.

REITs in markets unaffected by the subprime mess — at least thus far — are strengthening their portfolios and are gearing up for potential acquisition opportunities.

For example, it added data on nonconforming loans, which are dominated by subprime loans.

Frankel: You've got a number of factors: the overall slowdown in the economy exacerbated by the subprime crisis, which put a crimp in consumer spending.

Although the crisis was triggered by the subprime mortgage crisis in the US and the resulting global credit crunch, the primary cause of the banking crisis was imprudent lending practices by Ireland's largest domestic banks.

Posted 24 January 2009: «Like many of those who were caught off guard by the subprime mortgage crisis, those involved in the rapidly expanding climate change industry are not asking the most fundamental of questions:» • What if the science that supposedly backs concerns over carbon dioxide (CO2)...

However, contrary to the Bechers and in line with Walker Evans» approach, the houses photographed by Koester are psychologically charged, haunted by the subprime crisis that saw millions of people lose their home.

But, judging by the subprime saga, spotting those irrational moments is no easier than it ever was.

These are specialist funds, kept separate from their parent company's balance sheet, that invest in illiquid assets, such as securities backed by subprime mortgages.

There has been plenty of stock market activity this week with all the ups and downs sparked by the subprime mortgage sector.

Worse, 11.0 percent of the total owed on plastic was on accounts run by subprime borrowers, who on average owed $ 5,063 each.

Bear Stearns had also been battered by the subprime mortgage crisis, and many investors had hoped its tie - up with a foreign bank would include a cash infusion.

C.D.O.'s were a step removed — instead of buying mortgages, they bought bonds that were backed by mortgages, like the bonds issued by Subprime XYZ.

With the recent problems suffered by subprime mortgage lenders, FHA loans are making a strong comeback as a useful alternative for first - time home buyers and home buyers with less than perfect credit.

As a result, mortgage rates provided by subprime mortgage lenders will be much higher than those at standard lenders, all else being equal.

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.

An auto equity loan, which is available from traditional lenders as well as some online lenders, should not be confused with an auto title loan, which is typically offered by subprime lenders to people who have bad credit.

Loan limits are often kept low, to no more than $ 10,000, but larger loans are granted by subprime lenders.

This is where online lenders are valuable, offering a greater chance of securing loan approval, though interest rates charged by subprime lenders can be quite high.

Some hold paper backed by subprime mortgages.

The millennials appear to be disproportionately affected by subprime credit.

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

In the 1980s, 1990s, and 2000s, banks started lending more to African American buyers, but these buyers were frequently targeted by subprime loans with high interest payments and terms that were difficult to fulfill.

By choosing to only buy homes from Fannie Mae, the lawsuit says, Harbour ended up with homes in areas that experienced the largest amount of foreclosures, which are the same communities targeted by subprime - mortgage lenders — communities of color.

Recognizing the enormous investment potential created by the subprime crisis within the asset backed and mortgage backed sectors, the Hudson Cove Credit Opportunity Fund, Ltd was formed, one of the first funds of its size after the crisis, to extract attractive risk - adjusted returns.

The 2008 financial crisis, on the other hand, was triggered in part by subprime mortgages — essentially, loans given to homeowners unlikely to be able to pay them back — and investment vehicles based on them in which these toxic assets were bundled and often hidden.

The theory is that the credit crisis in the United States might have been avoided if a central authority had seen the systemic danger posed by Wall Street's aggressive selling of securities backed by subprime loans and other complex financial products.

However, this year originations by our subprime lenders ramped in Q4 and remained relatively strong through Q1.

Not exact matches

Case in point: In mid-September, three weeks before Morneau tabled his rules, credit reporting agency TransUnion estimated that hundreds of thousands of Canadians carrying variable rate subprime mortgages could be significantly impacted by interest rate increases of even 25 basis points.

Such an outcome could prove to be a classic unintended consequence: Morneau's reforms — meant to reduce or contain the accumulated risk created by precipitously over-leveraged homebuyers — may unwittingly increase the overall systemic risk in the economy by driving red - lined borrowers to the sort of uninsured subprime mortgages that have proliferated in the shadow banking sector.

A slow uptick in rates, driven by Federal Reserve policy, could pull the punch bowl a bit farther away, and it would trim the lower reaches of the lending spectrum, helpfully constraining subprime loans.

It followed a report last month by the Seattle Times newspaper and online BuzzFeed News accusing the largest U.S. mobile home builder of exploiting black, Latino and Native American borrowers by driving them into subprime loans they can not afford, and harming communities by repossessing homes after borrowers default.

GE said on Friday that it was facing potential legal action by the U.S. Department of Justice in connection with subprime mortgages.

Back in 2010 it paid $ 550 million to settle charges brought by the Securities and Exchange Commission that it mislead investors into buying a so - called synthetic collateralized debt obligation named Abacus, which was made up of a bundle of financial instruments tied to subprime mortgage bonds, many of which plummeted in value shortly after the deal was sold.

Big Wall Street banks have found a way to continue funneling money to high - risk borrowers — by lending to other institutions who make the so - called subprime loans.

In that case, led by the civil division of the United States attorney's office for the Eastern District of California, prosecutors found that JPMorgan flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007.

General Electric Co. warned it might put its dormant subprime mortgage business, long - plagued by legal trouble, into bankruptcy protection.

For example, heightened risk taking by investors and elevated leverage in large financial institutions and in shadow banking activities were among the factors that turned a downturn in the U.S. subprime mortgage market into a global financial crisis.

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.

(The O.C.C. actually used its federal powers to block efforts by states to curb subprime abuses.)

It got into trouble by selling guarantees on mortgage securities that forced it to pay billions of dollars after the subprime mortgage bubble burst in 2007.

By the time Bair got to Washington, the O.C.C. had spent a year devising «voluntary subprime guidance» for the banks it regulated, but it had not yet gotten around to issuing that guidance.

Most recently, he was a Senior Managing Director in the Fixed Income Group, where he specialized in the development and distribution of structured products secured by a variety of residential mortgages, including prime, alt - a and subprime.

Most of the securities derived from these subprime mortgages were deemed to be AAA rated by the rating agencies.

The vast majority of subprime loans were financed by investors through placing the loans into securities that were sold onto the market.

It was nearly wrecked years ago by bad subprime mortgages...

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.